Ripple Price Could have Pulled Back But Promising Near Term

It seems like Ripple price is on the red zone right now pulling back after the significant gaining weekend. However XRP/USD might be doing better than what it looks like.

Ripple Forming new Trading Height
Ripple price since the beginning of November has been on an increasing wave upwards with a couple of dramatic changes swooping away a day or two. The surging trend is going in ever since XRP did actually manage to overcome the important $0.2000 mark on Nov 13.

ripple forecast

Source: coinmarketcap

A closing in increasing triangle pattern is being formed with supports at the psychological $0.2500 and resistance trendline around $0.2650. It is very likely that the price will be correcting for a [little] while because of the whole market outcome for the moment being in the pullback phase. However, as long as support is found above $0.2400, it was a very wise choice to choose Ripple for having it in a traders and investors portfolio.