Monero Price Analysis: XMR/USD bulls attempting to break free from deadly daily range

Monero price in the latter stages of trading on Tuesday was seen holding decent gains of some 4.5%.
Ryo cryptocurrency detailed via a blog post of vulnerabilities in Monero wallets on exchanges, which could allow fake deposits.

Ken Chigbo Independent Analyst

Monero (XMR) price on Tuesday is trading firmly in the green towards the latter stages of the session, up some 4.5%. It is trading at its highest level since 24th February, when the price came under heavy selling pressure.

It was reported in a recent blog by Ryo cryptocurrency of a bug in the Monero’s (XMR) wallet software. It could allow imitation deposits to exchanges, an issues which could affect all and any users running wallets on an exchange.

Technically, despite the upside seen in the session today, price action continues to move within a bearish flag pattern structure, via the daily chart. Immediate support eyed around $48, the lower part of the pattern and current range. A breach here could see the gains made in February at risk of 100% reversal.

XMR/USD daily chart

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.