Thursday, December 8, 2022
 

Monero (XMR) Price Prediction: Will XMR reach $300 in 2022?

  • Bullish XMR price prediction ranges from $180.7 to $297.8.
  • XMR price might also reach $300 this 2022.
  • XMR’s bearish market price prediction for 2022 is $102.4.

Monero is a blockchain project that was launched in 2014 on its blockchain. Its native token XMR is used in the payment of transaction fees in the privacy blockchain.

Monero investors are bullish on the token since it has a return on investment (ROI) of over 781 times in the past 8 years. The crypto boom of 2021, led to the surge in the price of XMR to its present all-time high (ATH) of $517.62 which was attained in May 2021. Irrespective of the recent crypto winter, XMR investors are confident that the future of XMR is bullish.

If you are interested in the future of Monero (XMR) and would want to know the price analysis and price prediction of XMR for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Monero (XMR)?

Monero (XMR) was launched in 2014 by unknown founders though some suspect that it was founded by Satoshi Nakamota the Bitcoin founder.

Monero as a cryptocurrency enables private and decentralized transactions to be carried out, without exposing the details of the transactions to others. This confidential nature of the blockchain is attracting more users to the platform.

Monero Research Lab (MRL) offers opportunities to developers and cryptocurrency users that wish to build on it by offering them the necessary resources.

Moneropedia is a platform on Monero where users can learn the meaning of terms used on the Monero network. This serves as a gude to creators and developers that wish to contribute or build on the Monero blockchain.

Monero (XMR) Current Market Status

The maximum supply of Monero (XMR) is unknown while its circulating supply is 18,161,148 XMR according to CoinMarketCap. At the time of writing, XMR is trading for $165.7 which represents a 24 hours decrease of 1.18%. The trading volume of Monero in the past 24 hours is $77.93 million which represents a 5.08% decrease.

Some of the top cryptocurrencies for trading Monero (XMR) are Binance, Huobi Global, Kucoin, Bitfinex, Gate.io, and others.

Now that you have known what XMR is and its current market status, we shall discuss the price analysis of Monero (XMR) for 2022.

Monero (XMR) Price Analysis 2022

Currently, XMR is ranked in the 28th position on CoinMarketCap. Will developments and upgrades within the Monero community lead to a rise in the price of Monero (XMR)? We shall see this in this CoinEdition price analysis 2022 article.

Monero (XMR) Price Analysis- Keltner Channel

XMR/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
XMR/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Monero (XMR), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of XMR might be sustained before any reversal would be expected.

Monero (XMR) Price Analysis- Relative Strength Index

XMR/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
XMR/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Monero (XMR) 1day chart of XMR/USDT is at 59.02.  This shows that XMR is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Monero (XMR) Price Prediction-Moving Averages

XMR/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
XMR/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of XMR 200-day and 100-day Moving Average (MA). Presently, XMR is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Monero (XMR) might experience a big rise or fall in the future.

Monero (XMR) Price Prediction 2022

XMR/USDT 1Day Chart (Source: Tradingview)
XMR/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Monero (XMR) was ranging between $297.8 at the resistance6 level and $214.0 at the resistance2 level, in the past few weeks, and then touched the $102.4 support4 level and $153.3 support1 level.

Irrespective of this sideways movement in the price of XMR, we can deduce the following:

  1. The price of Monero (XMR) is expected to reverse at the $180.7 resistance1 level, due to the history at that price in March 2022. If investors have their way, the price of XMR could surge higher to the $214 resistance2 level before reversing, due to the formation of a triple top.
  2. The reversal at resistance1 level could lead to a further decrease in the price of XMR up to the support4 level at $102.4, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term XMR price prediction for 2022 is bullish since it might break many psychological resistances. We can expect XMR to reach $300 this year.

Monero (XMR) Price Prediction-Resistance and Support Levels

XMR/USDT 1Day Chart (Source: Tradingview)
XMR/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of XMR has increased by 7.4% in the past 14 days. If this price increase continues, XMR could break the $180.7 resistance1 level and move higher to $297.8 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of XMR might be dethroned from its present uptrend position. In simpler terms, XMR might trend below the $102.4 support4 level, and even lower in 2022, a bearish signal.

Monero (XMR) Price Prediction 2023

Monero (XMR) might hit $500 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of XMR will see rapid growth to $400. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more XMR thereby reducing its volume in circulation. This could make the price of XMR reach $500 shortly.

Monero (XMR) Price Prediction 2024

Monero (XMR) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $700, making it not plummet but play consistently. Additionally, this could only be possible if XMR breaks through past psychological resistance levels.

Monero (XMR) Price Prediction 2025

Monero (XMR) prices might grow past $900 during the next three years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2026

Monero’s (XMR) prices might grow past $1100 during the next four years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2027

Monero’s (XMR) prices might grow past $1300 during the next five years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2028

Monero (XMR) prices might grow past $1500 during the next six years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2029

Monero (XMR) prices might grow past $1700 during the next seven years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2030

Monero (XMR) prices might grow past $2000 during the next eight years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Monero might reach $300 in 2022 and $2000 by 2030 if investors have decided that XMR is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Monero (XMR)?

XMR is the native token of the Monero blockchain.

How to buy Monero Token?

Like other cryptocurrencies, Monero (XMR) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, Bitfinex, and others.

Will Monero surpass its present ATH?

Monero has a low possibility of surpassing its present all-time high (ATH) price of $517.62 in 2022.

When was Monero (XMR) launched?

It was launched in 2014.

What will be the Monero (XMR) price by 2023?

Monero (XMR) price is expected to reach $500 by 2023.

What will be the Monero (XMR) price by 2024?

Monero (XMR) price is expected to reach $700 by 2024.

What will be the Monero (XMR) price by 2025?

Monero (XMR) price is expected to reach $900 by 2025.

What will be the Monero (XMR) price by 2026?

Monero (XMR) price is expected to reach $1100 by 2026.

What will be the Monero (XMR) price by 2027?

Monero (XMR) price is expected to reach $1300 by 2027.

What will be the Monero (XMR) price by 2028?

Monero (XMR) price is expected to reach $1500 by 2028.

What will be the Monero (XMR) price by 2029?

Monero (XMR) price is expected to reach $1700 by 2029.

What will be the Monero (XMR) price by 2030?

Monero (XMR) price is expected to reach $2000 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish XMR price prediction ranges from $180.7 to $297.8.
  • XMR price might also reach $300 this 2022.
  • XMR’s bearish market price prediction for 2022 is $102.4.

Monero is a blockchain project that was launched in 2014 on its blockchain. Its native token XMR is used in the payment of transaction fees in the privacy blockchain.

Monero investors are bullish on the token since it has a return on investment (ROI) of over 781 times in the past 8 years. The crypto boom of 2021, led to the surge in the price of XMR to its present all-time high (ATH) of $517.62 which was attained in May 2021. Irrespective of the recent crypto winter, XMR investors are confident that the future of XMR is bullish.

If you are interested in the future of Monero (XMR) and would want to know the price analysis and price prediction of XMR for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Monero (XMR)?

Monero (XMR) was launched in 2014 by unknown founders though some suspect that it was founded by Satoshi Nakamota the Bitcoin founder.

Monero as a cryptocurrency enables private and decentralized transactions to be carried out, without exposing the details of the transactions to others. This confidential nature of the blockchain is attracting more users to the platform.

Monero Research Lab (MRL) offers opportunities to developers and cryptocurrency users that wish to build on it by offering them the necessary resources.

Moneropedia is a platform on Monero where users can learn the meaning of terms used on the Monero network. This serves as a gude to creators and developers that wish to contribute or build on the Monero blockchain.

Monero (XMR) Current Market Status

The maximum supply of Monero (XMR) is unknown while its circulating supply is 18,161,148 XMR according to CoinMarketCap. At the time of writing, XMR is trading for $165.7 which represents a 24 hours decrease of 1.18%. The trading volume of Monero in the past 24 hours is $77.93 million which represents a 5.08% decrease.

Some of the top cryptocurrencies for trading Monero (XMR) are Binance, Huobi Global, Kucoin, Bitfinex, Gate.io, and others.

Now that you have known what XMR is and its current market status, we shall discuss the price analysis of Monero (XMR) for 2022.

Monero (XMR) Price Analysis 2022

Currently, XMR is ranked in the 28th position on CoinMarketCap. Will developments and upgrades within the Monero community lead to a rise in the price of Monero (XMR)? We shall see this in this CoinEdition price analysis 2022 article.

Monero (XMR) Price Analysis- Keltner Channel

XMR/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
XMR/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Monero (XMR), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of XMR might be sustained before any reversal would be expected.

Monero (XMR) Price Analysis- Relative Strength Index

XMR/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
XMR/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Monero (XMR) 1day chart of XMR/USDT is at 59.02.  This shows that XMR is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Monero (XMR) Price Prediction-Moving Averages

XMR/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
XMR/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of XMR 200-day and 100-day Moving Average (MA). Presently, XMR is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Monero (XMR) might experience a big rise or fall in the future.

Monero (XMR) Price Prediction 2022

XMR/USDT 1Day Chart (Source: Tradingview)
XMR/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Monero (XMR) was ranging between $297.8 at the resistance6 level and $214.0 at the resistance2 level, in the past few weeks, and then touched the $102.4 support4 level and $153.3 support1 level.

Irrespective of this sideways movement in the price of XMR, we can deduce the following:

  1. The price of Monero (XMR) is expected to reverse at the $180.7 resistance1 level, due to the history at that price in March 2022. If investors have their way, the price of XMR could surge higher to the $214 resistance2 level before reversing, due to the formation of a triple top.
  2. The reversal at resistance1 level could lead to a further decrease in the price of XMR up to the support4 level at $102.4, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term XMR price prediction for 2022 is bullish since it might break many psychological resistances. We can expect XMR to reach $300 this year.

Monero (XMR) Price Prediction-Resistance and Support Levels

XMR/USDT 1Day Chart (Source: Tradingview)
XMR/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of XMR has increased by 7.4% in the past 14 days. If this price increase continues, XMR could break the $180.7 resistance1 level and move higher to $297.8 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of XMR might be dethroned from its present uptrend position. In simpler terms, XMR might trend below the $102.4 support4 level, and even lower in 2022, a bearish signal.

Monero (XMR) Price Prediction 2023

Monero (XMR) might hit $500 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of XMR will see rapid growth to $400. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more XMR thereby reducing its volume in circulation. This could make the price of XMR reach $500 shortly.

Monero (XMR) Price Prediction 2024

Monero (XMR) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $700, making it not plummet but play consistently. Additionally, this could only be possible if XMR breaks through past psychological resistance levels.

Monero (XMR) Price Prediction 2025

Monero (XMR) prices might grow past $900 during the next three years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2026

Monero’s (XMR) prices might grow past $1100 during the next four years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2027

Monero’s (XMR) prices might grow past $1300 during the next five years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2028

Monero (XMR) prices might grow past $1500 during the next six years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2029

Monero (XMR) prices might grow past $1700 during the next seven years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Monero (XMR) Price Prediction 2030

Monero (XMR) prices might grow past $2000 during the next eight years. Furthermore, hitting this level might not be so tough for XMR due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, XMR has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Monero might reach $300 in 2022 and $2000 by 2030 if investors have decided that XMR is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Monero (XMR)?

XMR is the native token of the Monero blockchain.

How to buy Monero Token?

Like other cryptocurrencies, Monero (XMR) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, Bitfinex, and others.

Will Monero surpass its present ATH?

Monero has a low possibility of surpassing its present all-time high (ATH) price of $517.62 in 2022.

When was Monero (XMR) launched?

It was launched in 2014.

What will be the Monero (XMR) price by 2023?

Monero (XMR) price is expected to reach $500 by 2023.

What will be the Monero (XMR) price by 2024?

Monero (XMR) price is expected to reach $700 by 2024.

What will be the Monero (XMR) price by 2025?

Monero (XMR) price is expected to reach $900 by 2025.

What will be the Monero (XMR) price by 2026?

Monero (XMR) price is expected to reach $1100 by 2026.

What will be the Monero (XMR) price by 2027?

Monero (XMR) price is expected to reach $1300 by 2027.

What will be the Monero (XMR) price by 2028?

Monero (XMR) price is expected to reach $1500 by 2028.

What will be the Monero (XMR) price by 2029?

Monero (XMR) price is expected to reach $1700 by 2029.

What will be the Monero (XMR) price by 2030?

Monero (XMR) price is expected to reach $2000 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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