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Short

XRPUSD approaching resistance, potential drop!

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRPUSD is approaching our first resistance at 0.3439 (horizontal overlap resistance, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down our major support at 0.2872 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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