Monero (XMR) Price Prediction: Will XMR Price Hit INR 50,000 in 2022?

KEY TAKEAWAYS:

• The XMR price closed the previous day’s trade at INR 19,800 with a market capitalization of INR 402 Cr and a circulating supply of 18,106,270.87 XMR
• The asset since the beginning of the month is maintaining a notable uptrend that may be continued for a longer time
• With the extended ascending consolidation, the XMR price may gain another 21% and secure the zones closer to the ATH

HOW HIGH WILL XMR CRYPTO PRICE GO IN APRIL 2022?

The XMR platform received a huge influx of buying volume in the past couple of days, which uplifted the price from the bearish trend. On the other hand, the bears also appear to be quite strong and are acting accordingly. And hence the price could maintain a decent uptrend including a couple of pullbacks.

Continuing with the same trend, the XMR price may reach up to INR 22,000 by the end of the month. However, if the bears jump in, then the price may be restricted below INR 20,000 but after reaching the highs.

 WILL XMR PRICE HIT INR 50,000 IN 2022?

Monero’s price since the beginning of the previous month’s trade maintained a decent uptrend after slashing from the high throughout Q4 2021 trade. The huge volume all the time denotes the asset being the most traded asset irrespective of the market trends. And hence the decent volatility of the asset also helps to keep up the bullish momentum.

The current month’s rally may test and also clear the levels around INR 20,000 which could stabilize a decent flip from the bearish trend. Continuing with the current trend, the price may eventually slice through INR 25,000 and test the levels above INR 30,000 by the end of 2022. On the contrary, if the price consolidates due to the bearish cartel intensifying, then the XMR price could be dragged down to INR 22,000. 

Read detailed Monero Price Prediction here

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