Monero Price Prediction
- Bullish Monero price prediction is $340.6.
- The Monero price might also reach $400 soon.
- Monero’s bearish market price prediction for 2022 is $132.3.
This Monero (XMR) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Monero (XMR) price analysis and prediction.
Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market moves up steadily. At present, it looks like the crypto-asset industry will surge high again, though it has lost over 22% of its value in the past one year.
Will Monero (XMR) experience the same price volatility? We’ll find out soon in this Monero (XMR) price analysis 2022 article. But first, let’s have a look at what Monero (XMR) is.
What Is Monero (XMR)?
Monero is one of the most important cryptocurrencies when it comes to payment security. XMR was launched and developed in 2014 by Riccardo Spagni and David Latapie. The developers designed the crypto to provide a high level of privacy to its users. For this reason, the network has become popular for users and investors who favor anonymity.
When it comes to trading, the crypto’s average daily trading volume amounts to almost $1 billion. Miners in the network are based on a democratic concept where the network treats all users equally. Accordingly, XMR miners can mine on their own by using a normal CPU that does not require any complicated hardware like ASICs.
Now that we have an idea about Monero, do you think XMR will be profitable crypto in 2022? Join me, and together let us check the charts in this XMR price analysis and XMR price prediction.
XMR Current Market Status
When writing this Monero price analysis, XMR trades at $179.37 with a 24-hour trading volume of $155,173,761. The price of XMR has decreased by 4.41% in the last 24 hours.
Furthermore, XMR has a current circulating supply of 17,982,382.36 XMR. Currently, the top digital asset trading platforms for XMR are Binance, OKEx, Kucoin, Huobi Global, Bitfinex, Kraken, BiONE, and ZBG.
Now, let’s move to the next part of this XMR technical analysis for 2022.
Monero Price Analysis
Recently, XMR took the 44th position on CoinGecko. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XMR price prediction article.
XMR/USDT 1Day Chart Showing Average Directional Index (Source: Tradingview)
From the chart above, we can see that the ADX value of Monero (XMR) is 19.82 which mean that the present bullish trend is weak since it lies between 0 and 25.
XMR/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
The present trend of XMR/USDT is strong since it has a relative strength index value of 58.45. However, investors for short term should be mindful since it indicates the opposite to the ADX above.
XMR/USDT 1Day Chart Showing 90-MA and 30-MA (Source: Tradingview)
The price of Monero (XMR) is bullish for the future since the 90-MA is above the 30-MA.
Monero (XMR) Price Prediction
The chart below shows that XMR has performed great over the past few days. Moreover, the XMR price shows a bullish trend. If this trend continues, XMR might run along with the bulls, overtaking its $187.2 resistance level and moving even higher to $340.6, the 2022 bullish signal.
XMR/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
Conversely, if the investors turn against the crypto, the bears might take over and push XMR from its uptrend position. In simpler terms, the price of XMR might decrease to almost $132.3, a bearish signal.
Meanwhile, our long-term XMR price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.
Monero (XMR) Price Prediction 2022
If this bullish trend continues, XMR will reach $340.6 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $258.7. Then this rise will slow down, but no major falls are expected. With upcoming partnership, and developments reaching $400 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Monero (XMR) Price Prediction 2023
If XMR holds the support level around 90-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $600, making it not plummet but play consistently.
Monero (XMR) Price Prediction 2024
As per the latest upgrades, developments, XMR price prediction, and new project forecasts of the platform, XMR investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XMR in the crypto market, and it will be the best investment as the price can spike and reach around $800.
Monero (XMR) Price Prediction 2025
In the next four years, XMR prices could race up to $1200. However, reaching this level could not be so difficult for XMR as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XMR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Monero (XMR) Price Prediction 2026
In the next four years, XMR prices could race up to $1500. However, reaching this level could not be so difficult for XMR as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XMR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
XMR seems to have a great future ahead in 2022. With the ongoing developments happening within the XMR ecosystem and the overall crypto market, we may see XMR reach new heights.
Meanwhile, our long-term XMR price prediction for 2022 is bullish. Even more, the bullish XMR has a high possibility of reaching $340.6. However, that will only happen if it breaks the past psychological resistance. It may even reach $400 if investors continue to side with XMR this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.
What is Monero?
In 2014, Monero was launched and its main aim is to enhance transactions to take place privately and with anonymity. XMR is the native token of Monero.
How to buy XMR Coins?
Monero’s native asset XMR is a good investment in 2022. Users can obtain XMR tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Huobi Global, BiONE, and ZBG.
Can XMR reach $400 soon?
Yes, it’s very much possible that XMR might reach $400 in the near future as per the current bullish trend.
What will be the Monero price by 2022?
Monero (XMR) price is expected to reach $340.6 by 2022.
What will be the Monero price by 2023?
Monero (XMR) price is expected to reach $600 by 2023.
What will be the Monero price by 2024?
Monero (XMR) price is expected to reach $800 by 2024.
What will be the Monero price by 2025?
Monero (XMR) price is expected to reach $1200 by 2025.
What will be the Monero price by 2026?
Monero (XMR) price is expected to reach $1500 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.