As long as the nipples are covered it's fine
I'm loving the lighting used, the particles work quite well - would probably benefit if you removed them from some spots though, such as a few areas of her lips and chin. Even further changing it, the texture would potentially look nicer if you placed it behind her giving the appearance of a drippung screen or a wall as opposed to in front of her.
Not feeling the vertical orange bar though - it somewhat detracts from the depth, adds an unnecessary 2D element to the piece and flattens out that right hand side.