Monero Price Analysis: XMR/USD recovers Thursday’s losses and climbs towards $70-level

XMR/USD bulls recovered Thursday’s losses this Friday.
The market broke past the SMA 20 curve.

Rajarshi Mitra Independent Analyst

Monero, one of the premier privacy coins in the world, experienced a bullish Friday, where it went up from $66 to $69.35, charting a 5.08% increase. During the day, the bulls took XMR/USD up to $68 before the bears corrected the price to $67. Following that, the bulls took back full control shot the price back up to $69.35. The bulls will need to garner enough momentum to breach the $70-level. In the process, they recovered this Thursday’s losses wherein XMR/USD went down from $68.65 to $66.

XMR/USD 4-Hour Chart

XMR/USD Daily Chart

The XMR/USD market broke past the resistance offered by the 20-day simple moving average (SMA 20) curve.
The market is trending above the SMA 200 and SMA 50 curves.
The relative strength index (RSI) indicator is trending at 58.75.
The signal line diverged away from the MACD line showing bullish momentum.
The Elliot wave oscillator shows a bullish session following two consecutive bearish sessions.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch