Market Overview for TRON/XRP (TRXXRP) – October 3, 2025 (24-Hour)

• TRON/XRP traded in a tight range with bearish bias, closing near intraday low on weak volume.
• Momentum indicators suggest waning bearish pressure with RSI near oversold territory.
• Volatility expanded in early ET hours before compressing, hinting at consolidation.
• A key support level at 0.1127 was tested multiple times with mixed follow-through.

TRON/XRP (TRXXRP) opened at 0.1151 at 12:00 ET–1 and closed at 0.1128 at 12:00 ET, with a high of 0.1151 and a low of 0.1111 over the 24-hour period. Total volume was 263,027.4, and notional turnover amounted to approximately 28,114.62. The pair showed limited directional momentum, with a bearish bias in the early ET session and a tentative rebound in the overnight hours.

Structure & Formations

The price structure shows a bearish continuation in the first half of the 24-hour window, particularly after a strong bearish engulfing pattern formed on the 15-minute chart at 19:15–19:30 ET. Price found temporary support at 0.1127 multiple times, though follow-through was weak, indicating a potential consolidation phase. A doji formed around 00:45–01:00 on October 3, signaling indecision and potential for a near-term reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price consistently below both. The 50-period line is at ~0.1135, which coincides with a key intraday pivot. Daily moving averages (50, 100, and 200) are more neutral, though longer-term momentum remains bearish, with the 200-period line acting as a dynamic resistance.

MACD & RSI

The MACD line remains in negative territory, with a narrowing histogram and a potential divergence hinting at fading bearish momentum. RSI dipped into oversold territory in the early ET hours (~0.1118 level) before recovering slightly, suggesting a potential bounce could be near. However, RSI has not yet crossed into overbought levels, so a meaningful reversal may still require further confirmation.

Bollinger Bands

Bollinger Bands show a modest expansion in the early ET hours and a contraction in the late overnight hours, indicating a potential shift from a volatile phase to a consolidation phase. Price has stayed within the lower half of the bands, suggesting continued bearish pressure, though the lower band is near the 0.1127 level, which has been a repeated support.

Volume & Turnover

Volume spiked during the bearish breakdown at 19:15–20:15 ET, confirming the downward move. However, volume has been flat to declining since the overnight rebound, with several zero-volume candles suggesting thin order books and low conviction. Notional turnover spiked in the same period but has since settled, indicating that the recent bearish move was more liquidation-driven than continuation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 0.1151 to 0.1111 shows the 0.1127 level as the 38.2% retracement, which has been a significant support. The 61.8% level (~0.1132) appears to be a key area to watch for potential short-term bounces. If price fails to hold 0.1127, the next support level lies at the 0.1118 level.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position when price retests the 0.1127 level with increasing volume, followed by a stop-loss at 0.1118. A take-profit target could be placed at the 38.2% retracement level (~0.1132) or the 50-period moving average (~0.1135). This setup would aim to capture a potential bounce off the key support level with clear risk management. Given the current structure and indicators, this strategy appears to align with the recent price action and momentum profile.