Market Overview: TRON/XRP (TRXXRP) – 24-Hour Candlestick Analysis

• TRON/XRP surged to a 24-hour high of 0.1135 before consolidating near key resistance.
• Momentum accelerated in early hours, with strong volume confirming bullish moves.
• A 61.8% Fibonacci retracement aligned with a key resistance level, triggering price pullback.
• Bollinger Bands showed moderate volatility, with price near upper band at peak.
• RSI signaled overbought conditions during midday rally, hinting at a potential correction.

At 12:00 ET on September 17, 2025, TRON/XRP (TRXXRP) opened at 0.1124 after hitting a 24-hour high of 0.1135 and a low of 0.1118. The pair closed at 0.1133, with total volume of 48,298.8 and turnover of 5,283.33. The price action reflects strong buying pressure early in the session and a late consolidation near key resistance levels.

Structure & Formations

The 15-minute OHLCV data reveals a strong bullish trend from 00:15 ET to 02:45 ET, with the price surging from 0.1127 to a high of 0.1135. This move is supported by strong volume, especially in the 01:15–01:30 and 02:30–02:45 ET intervals, where large bullish bodies formed. A significant 61.8% Fibonacci retracement level at 0.1135 acted as a key resistance, which the pair tested before consolidating. A potential bearish engulfing pattern appeared at 06:30 ET, suggesting a short-term pullback.

Moving Averages

On the 15-minute chart, the 20-period moving average was around 0.1131, while the 50-period was near 0.1129, both aligning with the consolidation zone. The 50-period MA on the daily chart was at 0.1126, indicating the pair has moved above its mid-term average. The price remains above all three major moving averages (50, 100, 200) for the daily chart, suggesting a continuation of the bullish trend.

MACD & RSI

The MACD turned positive and crossed above the signal line during the 00:15–01:15 ET rally, confirming strong momentum. However, the histogram began to shrink after 02:30 ET, indicating weakening upward pressure. The RSI reached overbought territory at 75 during the 02:45 ET peak and has since moved back into the 55–65 range, suggesting a potential short-term consolidation phase. The RSI divergence during the 06:30–07:15 ET interval may hint at a near-term pullback.

Bollinger Bands

Bollinger Bands expanded during the 00:00–02:30 ET rally, with the upper band reaching 0.1135 and the price staying close to it. This suggests increased volatility during that period. In the latter half of the session, the bands began to contract slightly, indicating a potential period of consolidation. The price has remained within the bands for the majority of the day, suggesting no extreme volatility.

Volume & Turnover

Volume spiked during key bullish moves, especially between 00:15–02:45 ET, where large-volume candles confirmed strong buying interest. The highest volume was recorded at 02:45 ET (5,217.6) and again at 10:30 ET (5,819.1), coinciding with price peaks and retracements. Turnover closely followed volume, reinforcing the legitimacy of the price action. A divergence between volume and price was observed during the 06:30–07:15 ET consolidation, suggesting a potential reversal.

Fibonacci Retracements

Applying Fibonacci retracement to the 00:15–02:45 ET rally identified a key 61.8% level at 0.1135, which the price tested before pulling back. On the daily chart, the 38.2% retracement level is near 0.1129, coinciding with a key support zone. The 61.8% level at 0.1126 appears to be a critical support area, with the price hovering close to it during the late session.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the 20-period MA crosses above the 50-period MA on the 15-minute chart, confirmed by a bullish volume spike and RSI above 50. A stop-loss could be placed below the 38.2% Fibonacci level, while a take-profit target aligns with the 61.8% level. Given the observed divergence in the latter half of the day, this approach could be modified to include a short signal when RSI drops below 50 and a bearish engulfing pattern forms. This hypothesis would align with the observed momentum and Fibonacci levels discussed earlier, offering a structured way to leverage the current technical environment.