Ripple (XRP) Price and Time: Another Key Breakout Is Looming

Ripple is trading nicely above the $0.1200 and $0.1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0.1600 resistance area.Ripple price is currently recovering from the $0.1279 weekly low against the US dollar.
It is trading above the $0.1400 resistance area, but it is facing a couple of key hurdles.
There is a key bearish trend line forming with resistance near $0.1600 on the hourly chart of the XRP/USD pair (data source from Kraken).
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