XRPUSD approaching resistance, potential drop!

XRPUSD is approaching our first resistance at 0.3454 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3051 (horizontal swing low support, 78.6% Fibonacci retracement).
Stochastic (55,5,3) 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.