Initially, this was an easy win for Tsunade, but Sage Mode definitely gave Jiraiya a nice boost. It may not be the real thing, but it’s still enough to amp up his strength and speed. Tsunade would have to dodge his Rasengan attacks as one or two of them could be lethal. Tsunade’s awakened form will help her match Jiraiya’s speed and I’d say that her strength is on his level as well. In the end, Tsunade’s healing abilities will prove to be the deciding edge that she needed. Tsunade wins.