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Short

XRPUSD approaching resistance, potential drop!

BITFINEX:XRPUSD   XRP / U.S. Dollar

XRPUSD is approaching our first resistance at 0.3275 (horizontal swing high resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 0.3089 (horizontal overlap support, 50% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
That´s what I think
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