Tron (TRX) Soars 66% in 24 Hours: Is This the Next XRP?

Tron (TRX) has seen an impressive 66% surge in the last 24 hours, reaching $0.44 before settling slightly lower at $0.39. This sharp rise has placed TRX among the top-performing altcoins, drawing comparisons to Ripple (XRP), which recently soared 300%.

So, what’s fueling this remarkable rally?

Record-Breaking Revenue and Justin Sun’s Vision

The surge in TRX’s price comes alongside a massive increase in trading volume, exceeding $14 billion—an unmistakable sign of growing investor interest. A major factor behind the rally is Tron’s founder, Justin Sun, who recently compared TRX to XRP and called it the “XRP of 2025,” sparking enthusiasm in the crypto space.

On December 3, Tron set a new record by generating $20 million in revenue in a single day, which significantly boosted market confidence. Sun has also made bold claims that 2025 will be “the year of crypto,” pointing to improving regulations, growing adoption of digital currencies, and more favorable market conditions.

Additionally, Sun envisions Tron as a leader in cross-border payments, aiming to compete with Ripple’s XRP, which has made significant progress in this area.

A $30 Million Investment to Expand Tron’s Reach

In another strategic move, Sun announced a $30 million investment in Donald Trump’s World Liberty Finance. This partnership is expected to strengthen Tron’s influence in decentralized finance (DeFi) by bridging the gap between traditional finance and the crypto world.

If successful, it could open new opportunities and solidify Tron’s position in the DeFi market.

TRX Technical Outlook

TRX’s growth is supported by strong buying pressure, with data from the Bulls and Bears Indicator showing that bullish activity is dominating. The Money Flow Index (MFI) further confirms this trend, highlighting increased liquidity entering the market—an encouraging sign for TRX’s future prospects.

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Technical indicators over the past week suggest a positive outlook, though the token appears slightly “overbought.” If buying momentum continues, TRX could aim for $0.45 and even approach $1 in a highly optimistic scenario. However, if profit-taking occurs, a temporary pullback to around $0.33 is possible.

RSI Levels Point to a Crucial Moment

The Relative Strength Index (RSI) for TRX is at 87.08, reflecting intense buying activity. While this level typically hints at a potential pullback, historical patterns suggest another possibility. The last time TRX reached a similar RSI level, it climbed to its all-time high.

If the trend repeats, TRX could break previous records and reach new heights by the end of December.

What Lies Ahead for TRX?

As TRX continues its upward trend, the next few days will be critical. Investors are watching to see if the token can sustain this momentum or if a correction is imminent. While a dip to $0.33 could occur if profit-taking increases, the token’s strong fundamentals suggest room for further growth.

Whether it’s a short-term spike or the start of a longer-term climb, TRX is a token to keep an eye on as the crypto market evolves.

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