Monero Price Prediction – Will XMR Price Hit $400 in 2022?

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 39.4% 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.

Monero (XMR) Current Market Status

When writing this Monero price analysis, XMR trades at $128.34 with a 24-hour trading volume of $155,173,761. The price of XMR has decreased by 0.69% in the last 24 hours.

Furthermore, XMR has a current circulating supply of 18,146,452.38 XMR according to CoinMarketCap. 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 (XMR) Price Analysis 2022

Recently, XMR took the 29th 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.

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 XMR/USDT, we can deduce that the price of Monero might get bullish in some days since the price is almost breaking out at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 49.51.  This shows that XMR is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is not wide and both moving averages are above the recently formed candlestick, the price of the coin might increase soon.

Monero (XMR) Price Prediction 2022

The chart below shows that XMR has performed great over the past few days. Moreover, the XMR price shows a bullish trend by gaining 5.5% in the past 14 days. If this trend continues, XMR might run along with the bulls, overtaking its $139.0 resistance1 level and moving even higher to $282.7 at resistance7 level, the 2022 bullish signal.

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 $98.4, 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.

If this bullish trend continues, XMR will reach $282.7 by the end of 2022. Moreover, in July 2022, XMR is going to show fast growth, up to $139.0. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, 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 200-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.

Monero (XMR) Price Prediction 2027

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 2027. 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 $2000.

Monero (XMR) Price Prediction 2028

In the next six years, XMR prices could race up to $2500. 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 six years as per the prediction.

Monero (XMR) Price Prediction 2029

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 2029. 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 $3000.

Monero (XMR) Price Prediction 2030

In the next eight years, XMR prices could race up to $4000. 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 eight years as per the prediction.

Conclusion

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 $282.7. 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.