XMR Targets $514–$518 as EMA200 Resistance Holds Price

Key Insights:

• Monero trades sideways above $447, showing stability despite recent market pressure and price drop.
• EMA200 at $506 blocks rallies; clearing it could push XMR toward the $514–$518 target zone.
• Price risks deeper fall to $417 if support at $445 breaks in the coming sessions.

Monero (XMR) was trading at $465.61, down 3.3% over the last 24 hours and 6.6% for the week. Even with recent losses, the price continues to hold above a key support zone between $447 and $464. Buyers have defended this area several times, preventing further decline.

The market has moved sideways for several sessions, forming a short-term base just above this support. While momentum has slowed, the price is not showing signs of panic selling. So far, buyers remain active within the range, keeping volatility in check.

EMA200 and SMA50 Block Upside Moves

XMR is facing pressure from multiple resistance levels. The 200-day exponential moving average (EMA), now near $506, continues to act as a ceiling for price action. According to market watcher Enri.hl, “The current pattern now points to a target in the 514–518 zone,” though they added this is based strictly on chart patterns.

Meanwhile, the 50-day simple moving average (SMA) near $480.55 has also capped recent rallies. Analyst CryptoCeek noted, “XMR’s pullback is stalling under the 50D SMA near 480,” pointing to continued sell pressure on any attempt to push higher.

Upside Scenario Still in Play If Resistance Breaks

If Monero breaks through the EMA200 at $506, the next logical target would fall in the $514 to $518 range. This is a slight adjustment from an earlier target of $507–$518. The chart setup suggests that clearing the EMA200 could trigger stronger momentum in the short term.

A move above the 20-day EMA, currently near $512.72, would add further confirmation. According to CryptoCeek, a clean break above this level—followed by a reclaim of $546—could give bulls room to build a more stable recovery.

Failure to Hold $445 May Lead to Drop Toward $417

Support near $445 remains important. If XMR drops below that level, selling pressure could increase, pushing the price toward $417. This zone marked the bottom of the last major rally and could serve as the next line of defense if current support fails.

The market is now watching for a clear breakout or breakdown. As long as price stays between $445 and $506, movement may remain limited. Traders are waiting for direction as Monero approaches key levels from both sides.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.