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

• • TRON/XRP declined sharply by 6.8% over 24 hours, closing near a key support level.
• • Momentum weakened as RSI entered oversold territory, while volume spiked on the downside.
• • A bearish engulfing pattern formed during the early session, signaling short-term bearish bias.
• • Volatility expanded in the late ET hours, with price breaking below a 61.8% Fibonacci level.
• • Turnover surged during the 02:30–03:30 ET window, suggesting large-scale liquidation or position-taking.

The TRON/XRP pair (TRXXRP) opened at 0.1190 at 12:00 ET−1 and fell to a 24-hour low of 0.1164, closing at 0.1164 at 12:00 ET. Total volume over the 24-hour window was 307,495.2, with a notional turnover of $38,800. A sharp sell-off occurred in the early hours of ET, with price dropping below key Fibonacci retracement levels and forming a bearish engulfing pattern.

The price structure shows a breakdown of a short-term ascending channel, with critical support levels forming around 0.1164–0.1169 and 0.1180–0.1185. On the 15-minute chart, the 20-period moving average crossed below the 50-period line, reinforcing the bearish bias. The 50-period MA on the daily chart also showed a downward trend, suggesting continued pressure in the near term.

MACD turned negative early in the session, with the histogram contracting in the bearish territory, signaling a loss of upward momentum. RSI dipped below 30, reaching oversold levels, but failed to trigger a meaningful rebound. This divergence suggests either a potential bounce or further consolidation below key support. Bollinger Bands widened significantly during the early ET hours, reflecting rising volatility, with price closing near the lower band at session end.

Fibonacci retracement levels drawn from the recent high of 0.1209 to the low of 0.1164 show 0.1173 as the 23.6% level, 0.1177 as the 38.2%, and 0.1185 as the 61.8%. Price has stalled near the 61.8% level for now, but a break below 0.1164 could expose the next support at 0.1157. On the 15-minute chart, price action suggests that a test of 0.1155–0.1160 could trigger a broader bearish correction.