XMR has risen by 4.39% over the past 7 days.

• XMR grew by 4.39% during the last week.
• The XMR could reach $190 if it recovers from the delisting of stocks and overcomes regulatory obstacles.

Last six months Monero [XMR] Delistings of various exchange platforms have caused a lot of damage. In February, Binance [BNB] XMR has been delisted by the Exchange.

On the 10th June Kraken delisted Monero from the UK, Ireland, and Belgium.

Kraken’s and Binance’s decision to delist the privacy-oriented coins XMR is a sign of regulatory concerns for cryptocurrencies.

Privacy coins in Europe will no longer exist with AMLR. Delisting has had a significant impact on XMR’s price and market stability.

XMR recovers post delisting

XMR recovered in spite of the adverse environment over the past month. XMR gained 12.20% in the past 30 days while recording 4.39% for the seven previous days.

XMR has seen its trading volume increase by $7.61% in the last 24 hours to $52M.

Everyone is optimistic about the recovery, and crypto analysts are predicting that Bitcoin will rise up to $190. Crypto analysts claim that the recovery has left everyone optimistic. Sebastian, XMR’s price is expected to rise steadily. He revealed on X, formerly Twitter, that

“Monero (XMR) is showcasing significant market promise, gaining momentum off the 20-day EMA at $165. With potential targets of $180 and possibly $190, XMR’s resilience underscores its key role in the crypto ecosystem.”

Crypto | ChartMonkey He also stated that he had long-term plans.

“Monero top cycle: Expect a breakout towards the all-time high in May 2025. This sturdy coin has strong potential for exceptional performance. DYOR”.

Fundamentals: What we can learn

AMBCypro showed in its analysis that at the time of publication, market sentiment remained favorable. Market Prophit’s analysis showed that crowd sentiment at the time of press was positive. Buzz scored 1.0853.

Money Flow Index has risen as well, from 26 up to 54 over the last 7 days.

MFI rising indicated increased buying pressure. This turned the market’s sentiment into a bullish one and increased money flowing in to the altcoin.

TradingView

The RSI also rose from 48 to 56 in the past seven days. The sustained RSI increase indicated recent gains outpaced losses. This could indicate increasing bullish momentum.

TradingView

AMBCrypto also looked at XMR sentiment and found that Funding Rate, aggregated according to exchanges was positive over the past seven days.

At the time of press, XMR’s aggregated Funding Rate was 0.01, indicating that investors are willing to pay a higher price to maintain long positions. This shows confidence about future prices.

Santiment

According to Coinglass XMR’s long-term and short-term positions have been liquidated very little, if at all.

The low number of liquidations shows that most investors who held long positions were still holding them at the time of publication, while few others were taking short positions.

Coinglass

You can read more about it here Monero’s [XMR] Price Prediction 2024-25

Can XMR sustain its recovery?

XMR was trading at $169.03 as of press time, after a break out from the resistance level at $168. This breakout indicated a move to the next major resistance level around $174.

In a scenario that is more bullish, XMR may reach $179 within the next few months. In the event of a market correction it may fall to $158, a critical support.