Summary
• Price action formed a bearish breakdown below key support of 0.1526.
• Volume spiked during the 24-hour low, confirming bearish momentum.
• RSI and MACD indicate moderate bearish momentum with no overbought conditions.
• Bollinger Bands show increased volatility with price near the lower band.
• Fibonacci retracement suggests potential bounce near 0.1503–0.1507.
TRON/XRP (TRXXRP) opened at 0.1534 on 2026-01-01 12:00 ET and closed at 0.1507 by 12:00 ET on 2026-01-02. The 24-hour range extended from a high of 0.1534 to a low of 0.1495. Total trading volume reached 81,803.2 units with a turnover of 12,230.475.
Structure & Formations
Price action broke below a key support level at 0.1526 and formed a bearish continuation pattern, especially during the 03:45–04:00 ET and 09:15–09:45 ET periods. A bearish engulfing pattern was observed in early ET hours, reinforcing the downward bias.
Moving Averages
Short-term 20/50-period moving averages on the 5-minute chart are bearishly aligned, with the 50-period line dipping below the 20-period line. The daily chart shows no clear alignment yet, suggesting the 24-hour move may be a transient bearish correction rather than a sustained downtrend.
MACD & RSI
MACD showed bearish divergence with negative histogram bars growing in magnitude during the early morning ET sell-off. RSI declined into the 38–40 range by the close, indicating oversold conditions but no immediate reversal signal.
Bollinger Bands
Volatility expanded during the 24-hour session, particularly after 09:15 ET when the price dropped sharply. The final close near the lower band suggests bearish exhaustion, with potential for a minor rebound in the near term.
Volume & Turnover
Volume spiked at 03:45 ET and again at 09:15 ET during the largest price declines, confirming bearish momentum. Turnover also surged during these intervals, aligning with price action and suggesting strong selling pressure.
Fibonacci Retracements
Fibonacci levels applied to the 0.1495–0.1534 swing suggest 0.1503–0.1507 as a potential area of support (38.2–50% level). A breakdown of this level could open the path to 0.1490.
Looking ahead, TRXXRP may consolidate near 0.1503–0.1507 over the next 24 hours, with a risk of further downside if volume fails to confirm a rebound. Investors should monitor for a rejection at this level or a potential breakdown with increased selling pressure.
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