TRON/Ripple (TRXXRP) Market Overview – 2025-09-10 24-Hour Summary

• Price action remained volatile between 0.1122 and 0.114, with bearish pressure dominating late in the session.
• RSI showed overbought levels earlier but dipped into oversold territory by close, indicating exhausted momentum.
• Bollinger Bands contracted mid-session before expanding, suggesting a potential breakout or breakdown.
• Volume spiked during sharp selloffs but lacked follow-through buying, hinting at bearish divergence.
• A key support at 0.1127 and resistance at 0.1138 were tested multiple times but not decisively broken.

TRON/Ripple (TRXXRP) opened at 0.1134 on 2025-09-09 12:00 ET, reaching a high of 0.114 before closing at 0.1133 as of 2025-09-10 12:00 ET. The 24-hour range was 0.1122 to 0.1140, with total volume of 129,153.9 units and notional turnover of 14,271.7. Price action reflected high volatility and divergent sentiment.

Structure & Formations

The 24-hour chart showed a bearish slant, with multiple attempts to reclaim key resistance levels at 0.1138 and 0.114 failing. A bearish engulfing pattern formed at 0.1138–0.114 around 23:15–23:30 ET, signaling a potential reversal. A doji appeared at 0.1137–0.1138 around 00:00 ET, suggesting indecision. A key support at 0.1127 held during a sharp selloff to 0.1122 around 13:15 ET but failed to attract buyers afterward.

Moving Averages

Short-term 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover, with the price hovering below both during the final 12 hours. The 50-period MA acted as a dynamic resistance, with several failed attempts to close above it. On the daily chart, the 200-period MA provided a strong bearish bias, while the 100- and 50-period MAs aligned closely, reinforcing the downtrend.

MACD & RSI

The MACD remained negative for most of the session, with a bearish crossover around 23:30 ET confirming the sell-off. Momentum diverged during the late morning hours, as RSI hit overbought territory near 61.5 but failed to sustain it, eventually falling into oversold levels by 15:30 ET. This suggests exhaustion in the short-term downtrend but leaves uncertainty about a potential reversal.

Bollinger Bands

Bollinger Bands contracted mid-session before expanding after 00:45 ET, signaling a rise in volatility. Price closed near the mid-band during the late hours, which may indicate indecision. However, a break below the lower band to 0.1122 suggested increasing bearish momentum, particularly with volume confirming the selloff.

Volume & Turnover

Volume spiked during key bearish moves—most notably at 19:30–20:00 ET and 13:15–13:45 ET—where large-volume candles formed in the 0.1126–0.1128 range. Notional turnover matched these volume surges, suggesting genuine selling pressure rather than spoofing or wash trading. Price and turnover were aligned during these moves, but the lack of follow-through buying highlighted a bearish divergence.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.1122 to 0.1140, the 38.2% retracement level at 0.1131 was tested multiple times but held as a key pivot. The 61.8% retracement at 0.1135 acted as a strong resistance, with failed attempts to break above. The daily swing showed similar behavior around 0.1130 and 0.1135, with 0.1127 as a critical support level to watch in the near term.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions at confirmed bearish crossovers (e.g., 20/50 MA) with a stop-loss above the 38.2% Fibonacci retracement level. A take-profit could be placed at the 61.8% retracement level or at the next bearish support, depending on volatility. This aligns with observed candlestick patterns like bearish engulfers and failed resistance breaks, which historically have yielded high probability setups in low-latency trading environments.