Ripple Price Technical Analysis – XRP/USD Approaching Short-term Break

Key Highlights
Ripple price is struggling to break the $0.2400 resistance is approaching a short-term break against the US Dollar.
There is a contracting triangle forming with support at $0.2300 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might make an upside move above $0.2400 as long as it is above the 100 hourly simple moving average.
Ripple price remains well supported against the US Dollar and Bitcoin. XRP/USD might soon clear the $0.2400 resistance for more