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 constantly evolves, 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 | $172.98 |
| Market Cap | $3,191,102,052 |
| Trading Volume 24-h | $82,122,092 |
| Circulating Supply | 18,446,744Â XMR |
| All-time High | $517.62 May 07, 2021 |
| All-time Low | $0.213, Jan 15, 2015 |
| 24-h High | $170.67 |
| 24-h Low | $163.11 |
Monero price prediction: Technical analysis
| Volatility | -1.13% |
| Sentiment | Bearish |
| 50-Day SMAÂ | $159.52 |
| 200-Day SMAÂ | $144.33 |
| Price Prediction | $329.07Â (118.74%) |
| F & G Index | 25.72 (fear) |
| Green Days | 15/30 (50%) |
| 14-Day RSIÂ | 40.88 |
Monero price analysis: XMR returns to $170 as bulls gain momentum
TL;DR Breakdown
- Monero price analysis shows a rise to $170 as bearish pressure rises
- The XMR coin has risen by over 2.00% in writing.
- Monero prices have sought support and resistance at $140 and $160, respectively.
The Monero price analysis for today, August 24, shows high volatility as XMR fell to $150. It turned bearish after a rejection at the $165.00 level but has recently turned bullish again.
The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include BTC and ETH, which recorded a 5.18 and 4.79 percent incline, respectively.
Monero price analysis 1-day chart: XMR returns to $170 as bearish pressure subsides
The 24-hour XMR/USD price chart indicated a horizontal trend in the market as prices moved toward $160.00. Now, the bulls have made a strong charge at the $170 mark, and it remains to be seen whether the buyers can maintain the hold above the key level.
The Indicators reflect the bullish price sentiment, as all three major technical indicators show positive signs. The MACD is bullish at 2.95 units, moving higher in the green region with a low slope, while the EMAs are also near the mean position, and their gradient turns positive as the price rises. The RSI also shares this sentiment, rising to around the 70.00 index level from the 40 mark, showing low room for further upward movement in the short term. The diverging Bollinger Bands suggest lower volatility, indicating that the $170.00 resistance may not hold for the week.
Monero price analysis 4-hour chart
The 4-hour price chart of Monero shows a 7-day consolidation broken by a rise to the $156.00 mark. The rise was followed immediately by a crash to the $150.00 mark as bears crushed the attempt. The bears look to go below $150, but market sentiment shows that further downward movement is unlikely.
The RSI is at 66.79, suggesting that the asset is near the top of the neutral zone with little room for movement for the crypto to rise further. The MACD at 0.23 shows slight bullish 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 declining bullish momentum 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 has been in a bullish rally since early July. Despite the flash crash a few days ago, the bulls quickly bought the dip to recover the asset’s price back above the $150.00 mark. The bears have crushed the short-term supports held by the bulls, and as the price enters the $170 level, the $150 provides a secure foothold for short-term movements.
As such, trades can expect the price to retrace to the $160 mark due to the overstretched bullish momentum. However, the bullish trend should continue with a pause as the prices rise to around the $180.00 mark, albeit as the bulls fail to generate enough momentum. Moreover, a quick correction may see XMR retrace to $155.00, but movements lower 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?
After a long consolidation near the level, Monero failed to overcome the $165.00 mark. 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 carefully navigate market and regulatory landscapes.
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 the 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 2026, Monero’s 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 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 forecast of $1,085.40 and an average of $1,172.82. The maximum forecasted 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, from less than $1 to over $475.
- May 2021 marked the highest point in Monero’s history. Monero’s price projections revealed the coin’s security. 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 was $278.56, and the lowest 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 crashed 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 $150.00 to $120.00, where it found key support.
- In May 2024, XMR observed steady bullish pressure as the price rose from $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. XMR opened trading at $156.05 in August and is currently priced at about $160.
