• TRON/XRP (TRXXRP) broke above a 15-minute resistance at 0.1150 but retraced intraday, with volume diverging during pullbacks.
• Momentum surged after 00:00 ET, with RSI hitting overbought levels, but bears reasserted after 08:00 ET with a 2.4% pullback.
• Volatility expanded significantly during the 03:00–05:00 ET range, with
Bands widening to 0.0005, suggesting a potential reversal.
• A key support at 0.1138 was tested and held during the 09:00–10:00 ET consolidation, with bullish rejection patterns forming.
TRON/XRP (TRXXRP) opened at 0.1136 on 2025-09-15 16:00 ET, surged to a high of 0.1164 by early morning, and closed at 0.1123 at 16:00 ET on September 16. The 24-hour volume was 150,144.2 and turnover amounted to 17,375.34. The pair displayed a volatile 2.7% range with key turning points during the overnight session.
Structure & Formations
The 15-minute chart showed a bullish breakout from a consolidation range near 0.1145, with a 0.1142–0.1150 support/resistance zone acting as a pivot point. A bullish engulfing pattern emerged at 0.1153 after 04:30 ET, while a bearish rejection at 0.1148–0.1138 formed between 08:00–10:00 ET. A long lower shadow at 0.1138 during the 09:00–09:15 ET window indicated short-covering and potential support strength.
Moving Averages
The 15-minute 20-period MA showed a bullish crossover above the 50-period MA around 03:00 ET, confirming short-term strength. However, the daily 50-period MA was still below the 200-period MA, indicating a broader bearish trend.
MACD & RSI
The MACD crossed above the signal line at 04:30 ET, aligning with bullish momentum. RSI hit overbought levels above 70 during the 04:00–06:00 ET rally before dropping below 50 during the bearish pullback. The RSI divergence suggested weakening momentum despite higher highs.
Bollinger Bands
Bollinger Bands expanded significantly overnight, with a high-low range of 0.0005, reflecting increased volatility. Prices spent most of the session above the midline and closed near the lower band during the final 3-hour session, suggesting a potential consolidation phase.
Volume & Turnover
Volume surged overnight with a peak at 0.1164 (5,581 units) but diverged during the 08:00–10:00 ET bearish leg despite sharp price declines. Turnover was heaviest during the early morning rally and dropped during the late-day consolidation, suggesting a shift in market sentiment.
Fibonacci Retracements
Fibonacci levels at 61.8% (0.1146) and 38.2% (0.1142) acted as key resistance during the morning push. A 38.2% retracement from the 0.1164 high to the 0.1148 low marked a consolidation area, while the 61.8% level at 0.1138 held firm during the afternoon.
Backtest Hypothesis
A potential strategy could involve entering long positions after a bullish engulfing pattern forms above a key Fibonacci retracement (e.g., 38.2% at 0.1142) with confirmation from the 15-minute 20/50 MA crossover and RSI above 50. A stop-loss could be placed below the 0.1138 support level, while a target could be set at the 0.1155 resistance. This approach aims to capture short-term volatility while managing risk during pullbacks.
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