Technical Analysis

8 min read

Monero (XMR) Price Pulls Back at $400 — Next Move Could Be the Big One

Published June 18, 2025 9:47 AM

By Valdrin Tahiri

Edited by Ryan James

Is Monero Due for a Breakout? | Credit: Hameem Sarwar

Key Takeaways

Monero’s (XMR) price reached the $400 resistance area.
The XMR price has created a short-term bullish pattern.
Can Monero sustain its momentum and reach new highs?

Monero’s price movement in 2025 has been promising. Unlike the rest of the crypto market, XMR reached its low in February, and the price created a higher low in April.

Since then, XMR has increased by over 200% and nearly reached a new all-time high in May.

After a correction, the XMR Price has regained its footing and is attempting to rally today.

Let’s analyze the price action and see where this move will lead.

Monero Reaches Range High

The weekly time frame XMR analysis shows that the price reached a high of $420 in May before falling.

XMR made a high inside the $400 resistance area, the final one before the all-time high.

Except for a deviation (black circle) in May 2021, the XMR price has always traded below this level.

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The XMR price has created three consecutive bearish candlesticks since the rejection (red icon).

Nevertheless, it still trades in the upper portion of the range, a positive sign that bodes well for the chance of a breakout.

Monero Weekly — XMR/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are also bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing.

As a result, the weekly time frame gives a bullish XMR prediction, suggesting the price will eventually break out and reach a new all-time high.

XMR Price Analysis

The short-term six-hour chart gives a bullish Monero prediction, since it shows the price has created a bullish pattern.

After several deviations below it, the XMR price broke out from a descending wedge pattern and reclaimed the $320 horizontal support area.

XMR Short-Term — XMR/USDT Six-Hour Chart | Credit: Valdrin Tahiri/TradingView

Additionally, the RSI and MACD have generated significant bullish divergences. As a result, an upward movement is likely.

The first resistance is $360, created by the 0.5 Fibonacci retracement resistance level and a horizontal area.

If XMR breaks out, it will likely target the $400 resistance area.

XMR Breakout Incoming

The XMR price analysis is bullish in both the long-term and the short-term.

The price broke out from a descending wedge and reclaimed the $320 horizontal area.

If the price does not close below $320, the most likely outlook is an upward movement toward $400.

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer. He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape. Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights. He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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