TRON/XRP Market Overview – 24-Hour TRXXRP Analysis

Summary
• Price action shows a bullish close after a consolidating 15-minute range with key support tested.
• Volume surged at key breakout levels, confirming buying pressure.
• RSI and MACD suggest moderate momentum with no overbought or oversold extremes.

TRON/XRP’s TRXXRP pair opened at 0.1236 on 2025-11-11 12:00 ET, reached a high of 0.1257, a low of 0.1231, and closed at 0.1256 by 2025-11-12 12:00 ET. Total volume amounted to 1,277,376.1 units, with notional turnover reaching $157,479.60 (based on cumulative volume × average price). The pair demonstrated a moderate bullish bias within a defined range, with multiple 15-minute candles forming bearish and bullish reversal patterns.

Structure & Formations

Price formed a key 15-minute bearish engulfing pattern at 0.1245 on 2025-11-11 22:30 ET, followed by a strong bullish recovery from the support zone at 0.1235. A second bearish engulfing pattern appeared at 0.1249 on 2025-11-12 03:30 ET, but buying pressure quickly reversed the short-term bearish bias. Key resistance appears to be forming around 0.1245–0.1253, with 0.1235 acting as a strong support level over the 24-hour window.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended slightly higher, with price frequently testing and crossing above both. On the daily timeframe, the 50-period MA sat below the 200-period MA, indicating a neutral to mildly bullish bias for the broader timeframe.

MACD & RSI

The 15-minute MACD crossed above zero during the late ET session, indicating a shift in momentum. RSI hovered between 55 and 65, suggesting moderate bullish momentum with no immediate overbought conditions. A pullback could see RSI fall toward the 40–50 zone, offering potential for a balanced consolidation.

Bollinger Bands

Volatility expanded significantly in the early morning ET session, with price breaking out of a narrow band to trade above the upper channel. This breakout was confirmed by rising volume and higher highs. The mid-band now acts as dynamic support at 0.1246, and price remains within the upper third of the band, suggesting continuation bias.

Volume & Turnover

Trading volume spiked significantly between 2025-11-12 02:30 ET and 05:00 ET, confirming the breakout from the 0.1246 level. Notional turnover mirrored this volume, with the highest turnover observed at 0.1249. No significant divergence was observed between price and turnover, suggesting the move is well-supported.

Fibonacci Retracements

On the 15-minute chart, a key 61.8% Fibonacci retracement level at 0.1245 coincided with a strong bullish reversal. On the daily chart, the 38.2% retracement at 0.1246 served as a pivot for further upward movement. These levels may act as psychological barriers in the next 24 hours.

Backtest Hypothesis

A potential short-selling strategy could be triggered by daily bearish engulfing patterns, with exit points determined by the first subsequent swing-low. These patterns were observed on 2025-11-11 and 2025-11-12, and if followed, would have offered well-defined shorting entries. Swing-lows are expected to form as price retests key levels, such as 0.1235–0.1240. The backtesting engine will evaluate how effectively these setups have historically performed from 2022-01-01 to 2025-11-12, focusing on daily candles for signal confirmation and exits.