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Monero price prediction 2024-2030: Should you buy XMR now?

Key takeaways

  • Monero price prediction suggests a bullish trend, with XMR anticipated to reach $290 by the end of 2024.
  • XMR could reach a maximum price of $694.70 by the end of 2027.
  • By 2030, Monero’s price may surge to $1,104.

Monero (XMR) stands out in the cryptocurrency space for its strong focus on privacy and decentralization. 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

CryptocurrencyMonero
TokenXMR
Price167.92
Market Cap$3,097,943,140
Circulating Supply18,446,744 XMR
Trading Volume 24h$49,676,027
All-time High$517.62, Jan 09, 2018
All-time Low$0.2162, Jan 14, 2015
24-High172.19
24-Low167.99

Monero price prediction: Technical analysis

Volatility+0.60% 
Sentiment Bullish
50-Day SMA $146.46
200-Day SMA $145.54
Price Prediction June 30$368.18 
F & G Index 31.75 (fear)
Green Days 16/30 (54%)
14-Day RSI 56.19

Monero price analysis: XMR crashes to $155 as bulls fail to hold key support levels

TL: DR Breakdown

  • Monero price analysis shows an extremely bearish trend
  • The XMR coin has dropped by over 5.71% at the time of writing
  • Monero prices have sought support and resistance at $155.0 and $172.5, respectively.

The Monero price analysis shows that the XMR price action has broken from the consolidating channel as XMR crashes to the $155.0 mark.

The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include TAO and ONDO, recording a 5.07 and a 5.02 percent decline, respectively.

Monero price analysis 1-day chart: XMR falls to $155 as bears crush short-term supports

The 24-hour XMR/USD price chart indicates a downward trend in the market as prices move toward the $155.0 level. The lack of bullish support between $170 and $155 suggests strong bearish activity across the short-term markets that may dictate price action across the mid-term charts.

Technical indicators for XMR/USDT 1-day chart by Tradingview

The Indicators reflect the bearish price sentiment as all three major technical indicators signal red. The MACD is bearish at -2.25 units, while the EMAs are above the mean position, the indicator shows a sharp turn of momentum from bullish to bearish. The RSI also shares this sentiment as the indicator falls to 46.96 from above the 70.00 index level. The converging Bollinger Bands suggest lower volatility indicating that the $155.00 support may hold for the weekend.

Monero price analysis 4-hour chart

The 4-hour price chart of Monero shows a 12-day consolidation followed by a breakdown to the $155 mark from the $175.00 price level. The price movement indicates sudden increase of selling pressure with the buyers failing to keep up with the sharp momentum.

Technical indicators for XMR/USDT 4-hours chart by Tradingview

The RSI is at 29.96, suggesting that the asset is in at the edge of the neutral zone, which might indicate potential for a short-term rebound. However, the steep slope suggests further downwards movement. The MACD shows a bearish crossover with the MACD line at -2.08 showing strong bearish dominance across the 4-hour charts. These indicators collectively confirm the prevailing bearish trend.

Monero technical indicators: Levels and actions

Daily simple moving average (SMA)

Indicator ValueAction
SMA (10)$146.28BUY
SMA (20)$141.55BUY
SMA (30)$138.37BUY
SMA (50)$131.64BUY
SMA (100)$134.04BUY
SMA (200)$145.19BUY

Daily exponential moving average (EMA)

IndicatorValueAction
EMA (10)$147.30BUY
EMA (20)$142.72BUY
EMA (30)$139.71BUY
EMA (50)$136.67BUY
EMA (100)$136.52BUY
EMA (200)$140.81BUY

What to expect from Monero price analysis?

4-hour price chart by Tradingview

Monero price analysis shows bearish sentiment taking shape with no signs of an imminent rebound. The bears have crushed the short-term supports held by the bulls for most of June and as the price enters free fall, the $150 key support is likely to be tested. However, a quick correction may see XMR retrace to $165.00, 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 confidentiality in transactions. 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 in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.

Recent news/opinion on Monero

Dr. Bradley Rauch, granting an interview at the 2024 Libertarian National Convention says:

“It (Monero) sounds like something that we need. It would be very beneficial in order to maintain freedom and liberty and reduce the possibility for government to interfere with our lives.”

Monero price prediction June 2024

XMR price prediction for June 2024 is a minimum value of $134.44 with an average price of $143.65. The price could reach a maximum of $181.68 during the month.

YearMinimum Price ($)Average Price ($)Maximum Price ($)
Monero price prediction June 2024134.44143.65181.68

Monero price prediction 2024

XMR price prediction for 2024 is a minimum value of $116.53 with an average price of $289.97. The price could reach a maximum of $331.32 during the year.

YearMinimum Price ($)Average Price ($)Maximum Price ($)
Monero price prediction 2024136.24289.97331.32

Monero price prediction 2025-2030

YearMinimum Price ($)Average Price ($)Maximum Price ($)
2025324.79383.44391.46
2026446.8494.66551.78
2027582.74651.78694.7
2028582.74651.78694.7
2029719.15805.6828.36
20301,021.891,104.211,134.79

Monero price prediction 2025

The Monero price prediction for 2025 anticipates a potential increase in Monero adoption, resulting in a maximum price of $391.46. Based on the analysis, investors can expect an average price of $383.44, while the minimum price could be around $324.79.

Monero price prediction 2026

According to the XMR price forecast for 2026, Monero price is anticipated to reach a minimum of $446.80 in 2026. The potential maximum XMR price could be $551.78, with an average price of $494.66.

Monero price prediction 2027

The XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $582.74 and $694.70 as well as a short-term average price of $651.78.

Monero price prediction 2028

Monero price is expected to reach a minimum of $582.74 in 2028. The maximum expected XMR price is $694.70, with an average price of $651.78.

Monero price prediction 2029

The XMR price prediction for 2029 expects the price of XMR to reach a minimum of $719.15. The XMR price can reach a maximum level of $828.36, with an average price of $805.60 throughout 2029.

Monero price prediction 2030

The Monero price prediction for 2030 suggests a minimum price of $1,021.89 and an average price of $1,104.21. The maximum forecasted Monero price is set at $1,134.79.

Monero market price prediction: Analysts’ XMR price forecast

Firm20242025
Coincodex$165.38$995.60
DigitalCoinPrice$289.97$383.44

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 $250, a minimum price of $120.54 and an average price of $175.90 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.
Monero price history; Source: Coinmarketcap
  • 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) is trading within the $142 – $183 price range.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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