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• TRON/XRP surged past key resistance on high-volume bullish momentum.• Price closed 2.08% higher at 0.1197, with 24-hour volume hitting 533,386.3 TRX.• Bollinger Bands and RSI indicate expanding volatility and rising momentum.• A bullish engulfing pattern formed during the 09:45–10:00 ET window.• Divergence in volume and price observed during the 13:00–13:30 ET sell-off.
The TRON/XRP (TRXXRP) pair opened at 0.1153 on 2025-09-21 at 12:00 ET and closed at 0.1197 on 2025-09-22 at the same time. The 24-hour range was between 0.1147 (low) and 0.1246 (high). Total trading volume reached 533,386.3 TRX, with a notional turnover of 63,807.09 USD. Price action and volume patterns suggest a strong breakout from consolidation.
Price consolidated between 0.1153 and 0.1161 for most of the day before breaking out decisively on the 06:15 ET candle, with a sharp move up to 0.1246. A bullish engulfing pattern emerged around 09:45–10:00 ET, confirming a potential short-term reversal. Key support levels held at 0.1185 and 0.1192, while 0.1208 appears to be a short-term resistance. A bearish divergence between price and volume was observed during the 13:00–13:30 ET sell-off, suggesting possible follow-through selling pressure.
On the 15-minute chart, price has consistently traded above the 50-period moving average for most of the session, with the 20-period line acting as a strong dynamic support. The 50-period MA is at 0.1186, while the 20-period MA sits at 0.1194. On a daily timeframe, the 50/100/200-period MAs are aligned below the current price, indicating bullish momentum.
The MACD line crossed above the signal line at around 06:00 ET, confirming bullish momentum. The histogram expanded during the breakout, signaling strong accumulation. RSI climbed into overbought territory after the 06:15 ET candle, reaching 65–70, suggesting that the move could be running out of steam. However, as long as the 50-period MA remains intact, further upside is expected.
Bollinger Bands expanded significantly during the breakout phase, with price reaching the upper band at 0.1246. The move was accompanied by a noticeable increase in volatility. Currently, price is hovering near the 20-period upper band, suggesting a potential continuation of the bullish trend. A retest of the lower band at around 0.1189 is expected if a pullback occurs.
Volume spiked to 195,769.6 TRX during the 06:15–06:30 ET candle, coinciding with the 0.1189–0.1246 surge. Notional turnover reached a peak of 23,970.70 USD during that period. However, volume dipped during the 13:00–13:30 ET sell-off despite a modest price drop, indicating a divergence that could foreshadow a potential correction.
Fibonacci retracements applied to the 0.1147–0.1246 swing show 61.8% at 0.1199 and 38.2% at 0.1174. Price closed just below the 61.8% level at 0.1197, suggesting it may test this level in the next 24 hours. Daily Fibonacci levels show 0.1208 (61.8%) as a likely next target, with 0.1185 (38.2%) acting as a near-term support.
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