XRPUSD reversed off resistance, potential for further drop!

XRPUSD reversed off our first resistance at 0.3203 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support level. Stochastic has also reversed below resistance as well where we might see a further drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.