TRON/XRP 24-Hour Market Overview

• Price declined from 0.113 to 0.1105, with a bearish bias in final hours.
• Volume spiked during the 18:45–19:45 ET timeframe but failed to support a rally.
• RSI and MACD showed bearish momentum with no overbought readings.
• Bollinger Bands expanded during the selloff, indicating rising volatility.
• A potential support level formed near 0.1109, with 61.8% Fib aligning around this level.

TRON/XRP (TRXXRP) opened at 0.113 on 2025-09-17 at 12:00 ET, reached a high of 0.1136, a low of 0.1104, and closed at 0.1115 on 2025-09-18 at 12:00 ET. Total volume was 261,027.7 and turnover amounted to 29,027.35 for the 24-hour period.

The pair displayed a bearish bias throughout the 24-hour window, with a strong downward move between 18:45 and 20:15 ET, where volume surged past 20,000 on several 15-minute candles. A doji formed at 19:00 ET, suggesting indecision after a rally. Below the 20-period moving average for much of the session, price failed to find support above the 50-period line and closed bearishly aligned with both the 20 and 50 EMA.

MACD turned negative during the session and diverged from a failed price rally, reinforcing the bearish case. RSI fell into the oversold region for a short period near the close but failed to trigger a rebound, indicating weak short-term buying interest. Bollinger Bands expanded during the selloff, with the close near the lower band, suggesting heightened volatility and bearish pressure.

A key support level appears to form at 0.1109, which also aligns with the 61.8% Fibonacci retracement of the recent upward swing. A breakout below this level could trigger a test of prior support at 0.1104. On the 15-minute chart, the 20-period EMA currently sits at 0.1111 and the 50-period EMA at 0.1113, with price near the lower side of the 20 EMA, suggesting further weakness is possible.

Backtest Hypothesis
A potential backtesting strategy could involve a short trade triggered on a close below the 50-period EMA with a stop loss placed above the 20-period EMA. A target could be set at the 61.8% Fibonacci level at 0.1109 and then at 0.1104. This setup would aim to capitalize on the bearish momentum and key support levels. Given the current divergence in MACD and oversold RSI, a short bias may be justified, though a close above 0.1117 could invalidate the setup.