Monero

Resistance

Status

Time

Coin

<ul> 
 <li><strong>Bullish XMR price prediction for 2023 is $180.20 to </strong><strong>$237.79</strong><strong>.</strong></li> 
 <li><strong>Monero (XMR) price might reach $250 soon.</strong></li> 
 <li><strong>Bearish XMR price prediction for 2023 is $100.52.</strong></li> 
</ul> 
<p>In this Monero (XMR) <a href="https://thenewscrypto.com/markets/price-prediction/">price prediction</a> 2024, 2025-2030,&nbsp; we will analyze the price patterns of XMR by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Monero (XMR) Current Market Status</li>
      <li>What is Monero (XMR)?</li>
      <li>Monero (XMR) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      MONERO (XMR) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Monero (XMR) Support and Resistance Levels</li>
      <li>Monero (XMR) Price Prediction 2024 — RVOL, MA, and RSI</li>
      <li>Monero (XMR) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of XMR with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>MONERO (XMR) PRICE PREDICTION 2025,2026,2027-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-monero-xmr-current-market-status">Monero (XMR) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$165.72</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">1.89% Up</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$26,940,411</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$3,053,125,681</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">18,446,744 XMR</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$517.62 (On May 08, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.213 (On jan 15, 2015) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   XMR Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/monero/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="h-what-is-monero-xmr">What is Monero (XMR)</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>XMR</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>Monero blockchain</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>Public blockchain platform</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>April 2014</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, Fast Transactions, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>Monero cryptocurrency (XMR) was established in 2014, which is open-source and focuses on privacy. Its blockchain is opaque, which makes transaction details and amounts anonymous by masking the addresses used by participants.</p> 
<p>Investors can mine Monero using their own CPUs, which means they don’t need to pay for special hardware. The mining process for Monero is based on an egalitarian concept where all are equal and deserve equal opportunities.</p> 
<h3 class="wp-block-heading" id="h-monero-24h-technicals">Monero 24H Technicals</h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="404" src="https://thenewscrypto.com/wp-content/uploads/2024/06/image-110-1024x404.png" alt="" class="wp-image-101582" srcset="https://thenewscrypto.com/wp-content/uploads/2024/06/image-110-1024x404.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-110-300x118.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-110-768x303.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-110-1536x606.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-110.png 1776w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center"><em>(Source: </em><a href="https://www.tradingview.com/symbols/XMRUSDT/?exchange=KUCOIN" target="_blank" rel="noreferrer noopener"><em>TradingView</em></a><em>)</em></p> 
<h2 class="wp-block-heading" id="h-monero-xmr-price-prediction-2024">Monero (XMR) Price Prediction 2024</h2> 
<p>Monero (XMR) ranks 28th on CoinMarketCap in terms of its market capitalization. The overview of the Monero price prediction for 2023 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/m3RIrPCf/" alt="">
 </figure>
</div> 
<p><em>XMR/USDT Horizontal Channel</em> <em>Pattern (Source: </em><a href="https://www.tradingview.com/symbols/XMRUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>In the above chart, Monero (XMR) exhibits a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.</p> 
<p>At the time of analysis, the price of Monero (XMR) was recorded at $165.72. If the pattern trend continues, then the price of XMR might reach the resistance levels of $183.14 and $292.55 If the trend reverses, then the price of XMR may fall to the support of $145.44, and $115.50.</p> 
<h2 class="wp-block-heading" id="monero-xmr-resistance-and-support-levels">Monero (XMR) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of Monero (XMR) in 2023.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/ReDwUSQE/" alt="">
 </figure>
</div> 
<p><em>XMR/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/x/nQ87PfuI/"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Monero (XMR) for 2023.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$180.20</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$237.79</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$135.91</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$100.52</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p class="has-text-align-center"><em>XMR Resistance &amp; Support Levels</em></p> 
<h2 class="wp-block-heading" id="monero-xmr-price-prediction-2023-rvol-ma-and-rsi">Monero (XMR) Price Prediction 2023 — RVOL, MA, and RSI</h2> 
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XMR) are shown in the chart below.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/DT1iw9kg/" alt="">
 </figure>
</div> 
<p><em>XMR/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/x/gSkiFhK3/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the current Monero (XMR) market in 2023.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $149.59Price =&nbsp; $164.32<br><em>(50MA&lt;Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>52.17<br><em>&lt;30 = Oversold</em><em><br></em><em>50-70 = Neutral</em><em>&gt;70 = Overbought</em></td>
    <td>Neutral</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="monero-xmr-price-prediction-2023-adx-rvi">Monero (XMR) Price Prediction 2023 — ADX, RVI</h2> 
<p>In the below chart, we analyze the strength and volatility of Monero (XMR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/mnwrgwOH/" alt="">
 </figure>
</div> 
<p><em>XMR/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/x/yxrlf0BI/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Monero (XMR).</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>20.08</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>49.24<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>Low volatility</td>
   </tr>
  </tbody>
 </table>
</figure>  
<h2 class="wp-block-heading" id="comparison-of-xmr-with-btc-eth">Comparison of XMR with BTC, ETH</h2> 
<p>Let us now compare the price movements of Monero (XMR) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/6hAPBD69/" alt="">
 </figure>
</div> 
<p><em>BTC Vs ETH Vs XMR Price Comparison (Source: </em><a href="https://www.tradingview.com/x/ctPe1rQD/"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can interpret that the price action of XMR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XMR also increases or decreases respectively.</p> 
<h2 class="wp-block-heading" id="monero-xmr-price-prediction-2024-2025-2030">Monero (XMR) Price Prediction 2024, 2025 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Monero (XMR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2024</td>
    <td>$252</td>
    <td>$108</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2025</td>
    <td>$264</td>
    <td>$110</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2026</td>
    <td>$276</td>
    <td>$115</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2027</td>
    <td>$288</td>
    <td>$119</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2028</td>
    <td>$290</td>
    <td>$123</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2029</td>
    <td>$302</td>
    <td>$125</td>
   </tr>
   <tr>
    <td>Monero (XMR) Price Prediction 2030</td>
    <td>$314</td>
    <td>$129</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h3 class="wp-block-heading" id="conclusion">Conclusion</h3> 
<p>If Monero (XMR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Monero (XMR) price prediction for 2023 is $237.79. Comparatively, if unfavorable sentiment is triggered, the bearish Monero (XMR) price prediction for 2023 is $100.52.&nbsp;</p> 
<p>If the market momentum and investors’ sentiment positively elevate, then Monero (XMR) might hit $250. Furthermore, with future upgrades and advancements in the Monero ecosystem, XMR might surpass its current all-time high (ATH) of $517.62 and mark its new ATH.&nbsp;</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is Monero (XMR)?</h4> 
<p>Monero is a privacy-centric cryptocurrency based on the CryptoNote protocol, which is a secure, private and undetectable currency system.</p> 
<h4 class="wp-block-heading">2. Where can you buy Monero (XMR)?</h4> 
<p>Traders can trade Monero (XMR) on the following cryptocurrency exchanges such as Binance, OKX, Bybit, WEEX, and DigiFinex.</p> 
<h4 class="wp-block-heading">3. Will Monero (XMR) record a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the Monero platform, Monero (XMR) has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of Monero (XMR)?</h4> 
<p>Monero (XMR) hit its current all-time high (ATH) of $517.62 on May 08, 2021.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of Monero (XMR)?</h4> 
<p>According to CoinMarketCap, XMR hit its all-time low (ATL) of $0.213 On Jan 15, 2015.</p> 
<h4 class="wp-block-heading">6. Will Monero (XMR) hit $250?</h4> 
<p>If Monero (XMR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $250 soon.</p> 
<h4 class="wp-block-heading">7. What will be the Monero (XMR) price by 2024?</h4> 
<p>Monero (XMR) price might reach $252 by 2024.</p> 
<h4 class="wp-block-heading">8. What will be the Monero (XMR) price by 2025?</h4> 
<p>Monero (XMR) price might reach $264 by 2025.</p> 
<h4 class="wp-block-heading">9. What will be the Monero (XMR) price by 2026?</h4> 
<p>Monero (XMR) price might reach $276 by 2026.</p> 
<h4 class="wp-block-heading">10. What will be the Monero (XMR) price by 2027?</h4> 
<p>Monero (XMR) price might reach $288 by 2027.&nbsp;</p> 
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<p><em>Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

Monero (XMR) Price Prediction 2024, 2025, 2026-2030

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