Key Takeaways
- XMR is up 13% in the last seven days and 12% YTD, making it the only top-30 crypto with a positive return in 2025.
- The cryptocurrency has broken out of a range-bound zone similar to the setup that led to its 2021 all-time high.
- The BBP indicator has flipped positive, suggesting bulls are in control and opening up the path for a move to $300.
XMR, the cryptocurrency developed to prioritize user privacy and native coin to the blockchain project Monero, is up 13% in the last seven days. Year-to-date (YTD), XMR’s price has posted a 12% increase.
This makes it the only top 30 crypto with a positive return since 2025 began. While other cryptos have had major developments fueling their strength, XMR has not had one of such.
In this analysis, CCN explains why XMR’s price has displayed such impressive performance. Using key technical and on-chain indicators, we also reveal what could lie ahead for the cryptocurrency.
XMR Continues to Display Strength
As of this writing, XMR’s price is $220. According to the weekly chart, the coin reached this level after following a similar technical setup and eventually hitting its all-time high in May 2021.
Before Monero’s all-time high, the price experienced a range-bound movement between $37 and $113. This occurred between October 2018 and August 2020.
Later, XMR broke out of the range and rallied above $500 less than one year later. The chart below shows that the same movement seems to be playing out with XMR’s price trading between $115 and $180 between July 2024 and November.
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While the price has not extended as many gains as the 2021 bull market, it has exited the upper boundary of the range-bound movement.
It is important to mention that during the bull run, the Chaikin Money Flow (CMF) on the weekly chart was above the signal line. The CMF position at that time ensured that the XMR rally continued.
According to the chart shown above, the CMF reading has held its ground above the zero line. If this trend continues, XMR’s price might continue to climb.
Bullish Pressure Intensifies
From an on-chain perspective, Santiment data shows an increase in the Monero cryptocurrency volume. As of this writing, XMR’s trading volume has risen to nearly $80 million.
Should the volume continue to rise alongside the price, the market value might trade higher than $220 in the short term.
XMR Price Forecast: Bulls Take the Lead
Like the weekly outlook, the daily XMR/USD chart also presents a bullish bias. Based on this, the Bull Bear Power (BBP) reading has climbed to the positive region.
The BBP measures the strength of bulls compared to bears. Readings below zero indicate bearish control, suggesting that the price could drop.
Therefore, the rise in the BBP reading indicates that bulls are dominant. Hence, XMR’s price might rise to $235, especially as it has breached the resistance at the 0.382 Fibonacci level.
However, the rally might not stop there. If the trend continues, more pressure from bulls could push the cryptocurrency to $263, with a high chance of hitting $300 within a few weeks.
On the flip side, XMR’s price might experience a correction to $189 if bears outpace bullish dominance. The situation could also worsen if selling pressure increases, driving the value down to $169.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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