Ripple Price Analysis: XRP/USD Approaching Key Break

Key HighlightsRipple price started a downside correction after trading above the $0.6200 level against the US dollar.
There is a key contracting triangle forming with resistance at $0.6050 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair may soon make the next move either above $0.6100 or below $0.5800 in the near term.Ripple price is preparing for the next move against the US Dollar and Bitcoin. XRP/USD must stay above the $0.5800 level to remain in a positive zone.
R