Ripple (XRP) Is Primed For Another Rally And Only 1 Thing Is Holding It Back

Ripple surged higher recently above the $0.2650 and $0.2720 resistances against the US Dollar. XRP price remains well supported and it could soon rally to $0.3000 if it breaks $0.2810.Ripple price rallied to a new 2020 high at $0.2811 and it is consolidating gains against the US dollar.
The price remains well supported on the downside near the $0.2730 and $0.2700 levels.
There is a key contracting triangle forming with resistance near $0.2788 on the hourly chart of the XRP/USD pair (data source