TRON/XRP Market Overview: Key Levels and Momentum Shifts

Summary
• Price declined to a 24-hour low of 0.1235 before recovering to close near 0.1262.
• Volume surged in late-night sessions, confirming a bullish reversal.
• Momentum shifted as RSI climbed above 50 and MACD turned positive.
• Bollinger Bands expanded, signaling increased volatility.
• A bullish engulfing pattern formed near support, aligning with a prior backtest strategy.

The TRON/XRP (TRXXRP) pair opened at 0.1289 on 2025-11-07 at 12:00 ET and reached an intraday high of 0.1293 before falling to a low of 0.1235. By 12:00 ET on 2025-11-08, it closed at 0.1262. Total volume over the 24-hour period amounted to 20,017,600.6 units, with a notional turnover of $2,523,347.27. The price action revealed a significant bearish decline followed by a reversal, with key support at 0.1248–0.1251 and resistance at 0.1265–0.1269.

Structure and formations were defined by a bearish breakdown from 0.1280 followed by a strong bullish reversal. A bullish engulfing pattern formed in the early morning session, with the candle opening at 0.1248 and closing at 0.1253 after rising from 0.1243. This pattern confirmed a potential short-term reversal and aligned with key Fibonacci levels. The 61.8% retracement level of the prior bearish move sat at 0.1253, offering a psychological floor for bulls. A key support level at 0.1235–0.1248 was tested twice and held, suggesting resilience in the lower range.

Moving averages on the 15-minute chart showed the 20SMA above the 50SMA, with the price recently closing above both, suggesting short-term bullish momentum. On the daily chart, the 50DMA was slightly below the 100DMA, with the 200DMA acting as a long-term baseline. Price action suggests a potential retesting of the 50DMA (0.1263–0.1265) could provide a key pivot for near-term direction.

Momentum indicators showed a clear reversal. The 12/26 MACD crossed into positive territory with a bullish divergence forming as volume surged. The RSI climbed from 40 to 58, signaling a shift in momentum from bearish to balanced. While the RSI is still within neutral territory, the divergence and MACD alignment suggest a possible continuation of the recent bullish move. Overbought conditions are not yet triggered, suggesting further upside could be in play.

Bollinger Bands expanded during the late-night and early-morning sessions as volatility increased. Price closed near the upper band at 0.1263–0.1265, suggesting strong buying interest after the earlier bearish breakdown. The contraction earlier in the session from 0.1250–0.1253 signaled a potential low-volatility zone that preceded the break higher. Current price positioning suggests a potential for a pullback toward the middle band (0.1256–0.1258) or a continuation above the upper band.

Volume and turnover spiked significantly in the early morning session, especially in the 21:45 to 22:00 ET time frame. Turnover during that window alone exceeded $275,000. The divergence between price and turnover is minimal, suggesting strong confirmation of the bullish reversal. However, volume in the late morning session dropped sharply, which may indicate a possible pause in momentum as bulls consolidate gains.

Fibonacci retracements from the 0.1235 low to the 0.1261 high showed key levels at 0.1245 (38.2%), 0.1253 (50%), and 0.1260 (61.8%). The 50% and 61.8% levels coincided with the 20SMA and RSI crossover, reinforcing their importance. A potential breakdown below 0.1248 would target the 38.2% retracement level at 0.1245 before testing the 0.1235 support.

Backtest Hypothesis
The described strategy of entering long positions on the TRXXRP pair following a Bullish Engulfing pattern has shown strong historical performance, with an average gain of 6.5% over 14 trades from 2022 to now. The pattern observed on November 8, 2025, aligns with the criteria used in the backtest—price closed above the previous bearish candle and confirmed with strong volume. This suggests that the pattern may hold predictive power and could serve as a viable entry signal for short-term bullish traders. However, confirmation on the next candle or time horizon is still advised before entering a position.