TRON/XRP (TRXXRP) Market Overview for 2025-09-24

• TRON/XRP (TRXXRP) traded in a 24-hour range of $0.1146–$0.1195 with a final close near support at $0.115.
• A bearish momentum emerged after a key 15-minute breakdown below the $0.1175 psychological level.
• High volume spikes ($0.1186–$0.1181) and a final leg down into $0.115 suggest strong selling pressure.
• RSI and MACD confirmed bearish divergence, with RSI near oversold territory and MACD lines in negative territory.
• Volatility expanded significantly in the final 2.5 hours, with price compressing below the lower Bollinger Band.

The TRON/XRP (TRXXRP) pair opened at $0.1164 on 2025-09-23 12:00 ET and reached a high of $0.1195 the following day, closing at $0.115 by 12:00 ET. The 24-hour period recorded a total volume of 116,932.5 and a turnover of approximately $13,339.75. Price behavior reflected a strong bearish shift in momentum, particularly in the last 4 hours before the close.

Structure & Formations

The 15-minute chart showed a key support cluster forming between $0.1172 and $0.115, reinforced by three significant breakdown candles. A bearish engulfing pattern formed around $0.1186, confirming downward bias. A doji appeared at $0.115, suggesting possible near-term exhaustion in the short downtrend. Resistance levels at $0.1175 and $0.1185 were tested and broken through, with no significant bounce.

Moving Averages

On the 15-minute timeframe, the 20-period MA (0.1181) and 50-period MA (0.1176) were crossed below, indicating bearish momentum. On the daily chart, the 50-period MA (not directly available in this 15-minute dataset) would be expected to align with the 200-period MA, suggesting a continuation of the bearish phase.

MACD & RSI

MACD crossed below zero around 2025-09-24 04:45 ET and remained negative for the remainder of the day, signaling bearish momentum. RSI dropped from 50 to 33 during the final 4 hours, entering oversold territory but without immediate reversal signs. Divergence between price and RSI suggests a potential bounce could be ahead, though not in the immediate term.

Bollinger Bands

Volatility expanded in the final 4 hours of the day as price approached and fell below the lower Bollinger Band. This expansion suggests increased risk aversion among traders. The band width widened from ~0.0002 to ~0.0006, indicating a potential prelude to a reversal or consolidation phase.

Volume & Turnover

Volume remained relatively low until the price dropped below $0.1185, where it spiked significantly. The largest volume bar was at $0.1186–$0.1181, with a turnover of ~$1,641.95. Price and volume moved in alignment during this phase, confirming the bearish move. However, the final volume spike at $0.115–$0.1146 was not as strong as the previous leg, signaling possible exhaustion.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.115 to $0.1195, the 61.8% retrace level is at $0.1167. The price is currently near the 38.2% retrace level of $0.1173, which may act as a short-term support. The daily move aligns with a larger bearish retracement, with $0.115 acting as a psychological support.

Backtest Hypothesis

Based on the observed structure, a potential backtesting strategy could focus on short trades triggered by a close below the 20-period MA on the 15-minute chart, confirmed by a bearish engulfing pattern and increasing volume. Stops could be placed above key resistance levels such as $0.1175 and $0.1185, with take-profit targets aligned with Fibonacci levels at $0.1167 and $0.1155. This approach would aim to capture the momentum phase of the downtrend while managing risk with defined levels.