Key takeaways
- Monero price prediction suggests a bullish trend, with XMR anticipated to reach $350 by the end of 2024.
- XMR could reach a maximum price of $730 by the end of 2027.
- By 2030, Monero’s price may surge to $1200.
Monero (XMR) stands out in the cryptocurrency space for its strong focus on privacy and decentralization of transactions. This makes it a popular choice for privacy advocates and those prioritizing security. The Monero ecosystem is constantly evolving, marked by significant milestones like enhanced protocol upgrades and growing adoption across various sectors, which underscore its utility.
As Monero continues to progress, many wonder about its future price trajectory. Will its unique features drive significant value growth? Can it sustain its competitive edge in the ever-evolving crypto market? Will XMR recapture its ATH at $517.62?
Monero overview
| Cryptocurrency | Monero |
| Token | XMR |
| Price | $153.10 |
| Market Cap | $2,766,752,521 |
| Trading Volume 24-h | $44,291,378 |
| Circulating Supply | 18,446,744 XMR |
| All-time High | $517.62 May 07, 2021 |
| All-time Low | $0.213, Jan 15, 2015 |
| 24-h High | $152.85 |
| 24-h Low | $136.76 |
Monero price prediction: Technical analysis
| Volatility | -1.13% |
| Sentiment | Bearish |
| 50-Day SMA | $159.52 |
| 200-Day SMA | $144.33 |
| Price Prediction | $329.07 (118.74%) |
| F & G Index | 25.72 (fear) |
| Green Days | 15/30 (50%) |
| 14-Day RSI | 40.88 |
Monero price analysis: XMR returns to $150 as bulls defend $140 support
TL;DR Breakdown
- Monero price analysis shows a fall to $150 as bearish pressure rises
- The XMR coin has fallen by over 1.10% at the time of writing.
- Monero prices have sought support and resistance at $140 and $160, respectively.
The Monero price analysis for today, August 11, shows high volatility as XMR fell to $150. It turned bearish after a rejection at the $165.00 level.
The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include TON and BNB, recording a 6.85 and a 5.07 percent decline, respectively.
Monero price analysis 1-day chart: XMR returns to $150 as bearish pressure rises
The 24-hour XMR/USD price chart indicates a horizontal trend in the market as prices move toward $150.00. However, the lack of strong momentum on either side may suggest that the consolidation may continue over the next few days.
The Indicators reflect the bearish price sentiment, as all three major technical indicators show mixed signs. The MACD is bearish at only -0.36 units, moving deeper in the red region with a low slope, while the EMAs are also at the mean position, and their gradient turns negative as the price declines. The RSI also shares this sentiment, falling from around the 50.00 index level to the 43.63 mark. The diverging Bollinger Bands suggest higher volatility, indicating that the $140.00 support may not hold for the week.
Monero price analysis 4-hour chart
The 4-hour price chart of Monero shows a 12-day consolidation broken by a rise to the $160.00 mark. The rise was followed immediately by a crash to the $150.00 mark as bears crushed the attempt. The bears look to go further downwards at $150, but market sentiment shows the further downward movement is unlikely.
The RSI is at 46.98, suggesting that the asset is near the center of the neutral zone with room for movement for the crypto to fall further. The MACD at -0.38 shows bearish dominance across the 4-hour charts, which has decreased with recent candles. The sentiment is further supported by the EMAs that show a horizontal slope. These indicators collectively issue a bullish signal at the current price level.
Monero technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | 161.05 | SELL |
| SMA 5 | 160.86 | SELL |
| SMA 10 | 161.41 | SELL |
| SMA 21 | 160.63 | SELL |
| SMA 50 | 163.15 | SELL |
| SMA 100 | 151.58 | SELL |
| SMA 200 | 144.66 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | 161.23 | SELL |
| EMA 5 | 161.66 | SELL |
| EMA 10 | 161.67 | SELL |
| EMA 21 | 161.36 | SELL |
| EMA 50 | 159.60 | SELL |
| EMA 100 | 154.54 | SELL |
| EMA 200 | 150.90 | SELL |
What to expect from Monero price analysis?
Monero price analysis shows XMR is in a bullish rally from early July. Despite the flash crash a few days ago, the bulls were quick to buy the dip to recover the asset’s price back above the $160.00 mark. The bears have crushed the short-term supports held by the bulls and as the price enters the $150 level, the $160 provides a secure foothold for short-term movements.
As such, trades can expect the consolidation to continue around the $150.00 mark, albeit after a brief fall to the $145.0 level. Moreover, a quick correction may see XMR retrace to $140.00, but movements higher than that are unlikely, given the technical indicators and the market sentiment.
Is Monero a good investment?
Monero is an attractive investment because it emphasizes privacy and security, utilizing advanced cryptographic techniques to ensure transaction confidentiality. Its growing adoption across various use cases and a decentralized development model enhance its long-term potential. With a limited supply and increasing investor interest, Monero offers a unique opportunity for those seeking financial autonomy and privacy to invest in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.
Why is XMR down?
Monero failed to overcome the $165.00 mark after a long consolidation near the level. The recent rejection enabled the bears to crush the support levels and cause a crash to the $150 level.
Will XMR recover to its all time high?
Monero is expected to recover toward its all-time high of $518 by mid-2026 as the privacy chain continues to reduce its tech debt and progresses toward greater utility and privacy. However, the platform might have to overcome regulatory scrutiny and challenges before it can see mass adoption.
Will XMR reach $200?
Monero is experiencing a steady bullish rally that may reach the $200 mark before the year closes.
Will XMR reach $1000?
The chance of Monero (XMR) hitting $1,000 hinges on various factors. Adoption of privacy transactions and technological advances could increase demand. Favorable regulations and market sentiment toward privacy coins would also help. Yet, regulatory risks, competition, and market volatility are challenges. $1,000 is possible with favorable conditions, but market dynamics and regulations will shape its path.
Does XMR have a good long-term future?
Monero (XMR) has the potential for a strong long-term future due to its focus on privacy and security, which makes it attractive to users seeking anonymity. However, regulatory scrutiny and notoriety from being the favored medium for some past criminals make it challenging to become the star of the market. Monero’s commitment to privacy gives it a solid foundation for long-term growth, but it must navigate market and regulatory landscapes carefully.
Recent news/opinion on Monero
Justin Ehrenhofer, granting an interview to Coindesk says:
“One thing that keeps coming up is that privacy is always a battle – you always have people that are getting better and better about tracing… So privacy needs to keep getting better and better. The tools need to keep getting better and better. You can’t just stand still because if you stand still you become obsolete.”
The crypto announced in an X post that the effort to integrate Monero into Keystone Hardware Wallet has commenced!
Monero price prediction August 2024
The XMR price prediction for August 2024 is a minimum value of $133.01 and an average price of $159.09. The price could reach a maximum of $321.37 during the month.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| August 2024 | 133.01 | 159.09 | 321.37 |
Monero price prediction 2024
XMR price prediction for 2024 is a minimum value of $144.71 with an average price of $307.99. The price could reach a maximum of $351.91 during the year.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 144.71 | 307.99 | 351.91 |
Monero price prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 344.97 | 407.26 | 415.79 |
| 2026 | 474.57 | 525.4 | 586.07 |
| 2027 | 618.95 | 692.28 | 737.87 |
| 2028 | 618.95 | 692.28 | 737.87 |
| 2029 | 763.84 | 855.67 | 879.84 |
| 2030 | 1085.4 | 1172.82 | 1205.3 |
Monero price prediction 2025
The Monero price prediction for 2025 anticipates a potential increase in price of Monero upon adoption, resulting in a maximum price of $415.79. Based on the analysis, investors can expect an average price of $407.26, while the minimum price could be around $344.97.
Monero price prediction 2026
According to the XMR price forecast for 2026, Monero price is anticipated to reach a minimum average trading price of $474.57 in 2026. The potential maximum XMR price could be $586.07, with an average price of $525.4.
Monero price prediction 2027
The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $618.95 and $737.87 as well as a short-term average price of $692.28.
Monero price prediction 2028
Monero price is expected to reach a minimum of $618.95 in 2028. The maximum expected XMR price is $737.87, with an average price of $692.28.
Monero price prediction 2029
The XMR price prediction for 2029 expects the price of XMR to reach a minimum of $763.84. The XMR price can reach a maximum level of $879.84, with an average price of $855.67 throughout 2029.
Monero price prediction 2030
The Monero price prediction for 2030 suggests a minimum Monero price forecast of $1,085.40 and an average price of $1,172.82. The maximum forecasted Monero price is set at $1,205.30.
Monero market price prediction: Analysts’ XMR price forecast
| Firm | 2024 | 2025 |
| Coingecko | $420.93 | $568.19 |
| Digitalcoinprice | $329.54 | $435.76 |
Cryptopolitan’s Monero (XMR) price prediction
Cryptopolitan’s XMR price prediction proposes a bullish outlook for Monero’s future price should the market recover soon. According to our expert analysis, XMR might record a maximum price of $349.68, a minimum price of $144.15, and an average price of $306.90 at the end of 2024.
Monero historic price sentiment
- Monero’s market value has changed dramatically since its launch in 2014, going from being worth less than $1 to over $475.
- May 2021 marked the highest point in Monero’s history. Monero’s price projections brought the security of the coin to light. They provide investors with optimism that they will be freed from the persecution of some authorities simply by buying or selling Monero.
- Across 2023, Monero’s price rose by 11.49%. The highest price level was $278.56, and the lowest price was $114.16.
- In January 2024, Monero stayed stable around the $150.00 mark as market momentum remained low. However, the stability was short-lived as February saw a crash to $101.95. However, XMR showed swift recovery as it closed the month near the $150.00 level again.
- In March and April, 2024, XMR saw a steady decline from the $150.00 to the $120.00 mark where it found key support.
- In May 2024, XMR observed steady bullish pressure as the price rose from the $120.00 approaching resistance at $150.
- In June 2024, Monero (XMR) traded within the $150 – $175 price range as either side struggled to make a clear breakthrough. In July, the crypto traded around the $155 mark as the price volatility remained relatively low throughout the month. XMR opened trading at $156.05 in August, and is currently priced at about $160.
