TRON/XRP Market Overview: 24-Hour Price Action and Key Indicators

• TRON/XRP edged higher in 24 hours, closing near a 24-hour peak at 0.1195.
• Momentum improved with RSI rising above 50 and MACD turning bullish.
• Volatility expanded through a late-night rally, with strong volume confirming price action.
• Key support held at 0.1174–0.1176, with a bullish engulfing pattern forming near the session high.
• Turnover surged during the late-night rally, confirming renewed buyer interest.

At 12:00 ET–1 on 2025-10-09, TRON/XRP opened at 0.1175 and closed at 0.1195, reaching a high of 0.1207 and a low of 0.1162. Total volume for the 24-hour window was 127,407.5, with notional turnover amounting to 14,983.4. Price action saw a sharp rally overnight into the early morning, confirming strength amid a broader consolidative trend.

Structure & Formations

TRON/XRP showed a clear bullish bias during the overnight session, with price forming a bullish engulfing pattern on the 15-minute chart after testing support at 0.1174–0.1176. A small doji appeared near the session high of 0.1207, suggesting temporary indecision. The 0.1182–0.1188 range acted as a pivot area, with price consolidating above it after a strong push from the 17:30–08:30 ET period. A key resistance zone appears to be forming between 0.1202–0.1207, with 0.1194 marking a potential near-term support level.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages crossed positively in the morning, confirming a bullish bias. The 50-period MA rose above the 100-period line overnight, indicating a stronger trend. On the daily chart, the 50- and 200-day MAs remain in a bullish alignment, with price holding above both. A continued rise above 0.1205 could trigger a deeper retest of the 200-day MA at 0.1210–0.1215.

MACD & RSI

Momentum turned decisively bullish overnight, with the MACD line crossing above the signal line and both indicators expanding into positive territory. The RSI climbed from the mid-40s to a mid-50s range, suggesting strengthening bullish momentum. A retest of the 61.8% Fibonacci level at 0.1202 could bring the RSI closer to overbought territory, but current levels remain in a constructive range. Watch for divergence between price and RSI near key resistance levels.

Bollinger Bands

Volatility expanded overnight, with the upper Bollinger Band reaching as high as 0.1215 and the lower band dropping to 0.1165. Price held near the upper band during the late-night rally and closed just below it, suggesting potential for a pullback. A retest of the lower band could offer a more defined range trade setup, while a break above the upper band would signal a breakout in bullish momentum.

Volume & Turnover

Volume surged during the late-night and early morning hours, peaking at 21,449.9 at 08:30 ET, confirming the strength of the rally. Turnover aligned with volume, with a sharp spike correlating to the 0.1198–0.1207 price movement. A divergence between rising volume and flat price action would indicate exhaustion, but for now, the correlation is positive. A follow-through volume spike above 25,000 would reinforce a bullish breakout scenario.

Fibonacci Retracements

On the 15-minute chart, the 38.2% retracement level at 0.1194 and the 61.8% level at 0.1202–0.1205 were key in the overnight rally. Price found support at 0.1174–0.1176, which maps to a 23.6% retracement level of the 0.1174–0.1207 swing. A breakout above 0.1207 would target the 127.2% extension at 0.1220, but a rejection could see a retest of 0.1188 before testing 0.1194 again.

Backtest Hypothesis

A backtesting strategy could be designed to capture momentum in this environment by entering long positions on a bullish engulfing pattern formation above key support levels, such as the 0.1174–0.1176 range. A stop-loss could be placed just below the nearest Fibonacci level at 0.1169, with a target aligned with the 61.8% retracement at 0.1202–0.1205. Using MACD as a confirmation filter—entering only when the MACD line crosses above the signal line—could further strengthen the signal-to-noise ratio. This approach would seek to capture the overnight momentum while managing risk through defined price action triggers.