$XRP

2 scenarios. Bears and Bulls. Based on the 15 minute chart.

Trading Plan:

1. Bearish Play (Short Opportunity):

• Scenario: The price struggles to break above $1.36-$1.37 (MA7).

• Action: Short at $1.36-$1.37 with a stop-loss at $1.38 (just above MA7).

• Target 1: $1.32 (near support).

• Target 2: $1.28 (previous low).

Rationale: This setup takes advantage of the likely continuation of the bearish trend if the relief bounce fails at resistance.

2. Bullish Play (Reversal Opportunity):

• Scenario: Price breaks above $1.37 (MA7) with increased volume.

• Action: Go long above $1.37, targeting the next resistance at $1.42-$1.43 (MA25).

• Stop-Loss: Below $1.35.

Rationale: A break above the MA7 indicates short-term bullish momentum, and the target aligns with the resistance zone.