Monero (XMR) Price Overview

Monero (XMR) price has recently bounced back after a period of stagnation, hinting at potential surprises for traders this month. This article analyzes key levels, indicators, and what to monitor in upcoming trading sessions.

Monero Price Prediction: Daily Chart Insights

XMR/USD Daily Chart

As per the daily Heikin Ashi chart, XMR is currently trading at around $322.40, slightly recovering from a local low near $300. The last notable uptrend, from late April to May, saw Monero price soar from approximately $160 to over $400, marking a remarkable 150% increase. This recent price action suggests a consolidation phase between $300 and $330 following that strong impulse.

RSI Analysis: New Trend Emerging?

The RSI (14) is currently at 52.66, just above the neutral 50, indicating a shift from oversold conditions to a more balanced state. The previously noticed surge in April saw RSI exceed 70, indicating an overbought scenario.

If the RSI continues to increase toward 60-65 while the price maintains above $310-$320, traders may anticipate another substantial upward movement, potentially retesting resistance near $360.

Monitoring Key Support and Resistance Levels

Immediate support is identified between $310-$318; a close below this level could lead to a deeper retest around $280. On the upside, initial resistance is at $340, followed by the May peak at $400. A Fibonacci analysis reveals that the 50% retracement from recent highs and lows aligns at $340—matching our first resistance level. If XMR surpasses this with strong volume, the next targets could be $420-$440.

Potential for XMR to Reach $400 Again

Mathematically, if Monero’s price consistently gains 2% daily—akin to its April-May momentum—it could take about 10-12 trading days to recover the $400 level. The calculations suggest:

• Current Price: $322
• Target: $400
• Required Increase: $78
• Percentage Increase: Approximately 24% (24% at 2% per day, indicates 12 days required).

This indicates that if buying pressure persists, reclaiming $400 by mid-July seems feasible.

Monero Price Sentiment: Bullish or Bearish?

Given the positive trends observed on the Heikin Ashi candles, the recovering RSI, and the clearly marked Fibonacci levels, XMR price appears ready for a bullish attempt—provided it stays above $318. A daily close exceeding $340 could lead to a surge toward $400, while a drop below $310 might draw it back closer to $280.

Trader Watchlist: Confirmation is key—monitor for the RSI to surpass 55-60 and look for volume expansion to substantiate any breakout. Overall, Monero seems well-positioned for a potential rally, eyeing $400—but breaking through the $340 barrier will be crucial.

Interested in Buying XMR? Explore OKX

OKX is a leading platform for purchasing XMR, offering low trading fees and a user-friendly interface, making it a popular choice for crypto traders throughout Europe.

Special Promotion

Until September 14, 2025, new European users can enter a giveaway for an exclusive McLaren F1 Team cap and a chance to win a VIP trackside experience in Zandvoort (Aug 29–31). Don’t miss your opportunity—claim your reward today!

Tags

$XMR, $Monero, $XMRPrice, $MoneroPrice