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XRPUSD reversed off resistance, potential for further drop!

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BITFINEX:XRPUSD   Ripple
XRPUSD reversed off our first resistance at 0.4072 (61.8% Fibonacci extension, 23.6% Fibonacci retracement , horizontal overlap resistance) where a further drop might occur below this level pushing price down to our major support at 0.3308 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off our resistance where we might see a further drop below this level.


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