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Summary
• TRON/XRP (TRXXRP) traded in a descending channel, finding support near 0.136–0.137.
• Momentum indicators suggest fading bullish pressure, with RSI trending toward oversold territory.
• A bearish engulfing pattern formed at 0.1396–0.1386, signaling potential for further downward correction.
• Volatility expanded after 19:00 ET, with volume spiking during the breakdown to 0.1375.
• Bollinger Bands tightened in the early morning, suggesting potential for a sharp move on the next catalyst.
TRON/XRP (TRXXRP) opened at 0.1414 on 2025-12-11 12:00 ET and traded between 0.1415 and 0.1356 before closing at 0.136 at 12:00 ET on 2025-12-12. The pair experienced a broad bearish drift, with total volume of 259,301.7 and notional turnover of approximately 34,707.6 (based on average price and volume).
The pair formed a bearish descending triangle from 0.1415 down to 0.136, with key support levels at 0.1375 and 0.1365. A bearish engulfing pattern formed at 0.1396–0.1386, indicating a shift in sentiment. A doji appeared near 0.1381–0.1381, suggesting indecision.
On the 5-minute chart, the 20-period and 50-period moving averages confirmed the bearish bias, with price below both. On the daily chart, the 50-period MA is above the 200-period MA, but price is well below the 200SMA, suggesting long-term bearish pressure.
The 12/26 MACD crossed below the signal line after 19:00 ET, reinforcing the bearish momentum. The RSI is currently in the 30–40 range, indicating oversold conditions, though a rebound may still be limited without volume confirmation.
Volatility increased in the late hours of 2025-12-11, with Bollinger Bands expanding as price broke down. Price spent much of the session near the lower band, with a tightening phase observed around 03:00 ET. This tightening may precede a larger move.
Volume spiked during the breakdown to 0.1375, with a large candle at 21:45 ET showing 22,202.1 volume. However, turnover did not confirm the move, with notional value falling below average during key declines. A divergence may suggest weaker conviction in the downward move.
Applying Fibonacci to the 0.1415–0.136 swing, the 61.8% level at 0.1374 acted as a temporary resistance. On the daily chart, the 0.137–0.139 range marks key support levels for near-term action.
In the next 24 hours, the market may test the 0.136 level again, with a potential pullback toward 0.137–0.138 expected if volume picks up. However, a breakdown below 0.1356 could accelerate further. Investors should be mindful of the low turnover and weak volume confirmation, which may limit short-term directional clarity.
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