📉 $XMR Price Action Update – Market Still Under Pressure
After topping near $498, $XMR failed to sustain higher levels and started forming a clear bearish structure. Price action shows Lower Highs & Lower Lows, which is a textbook sign of a short-term downtrend.
The sharp rejection from the upper zone pushed price aggressively toward the $418 support, confirming strong selling pressure from higher levels. Although we saw a minor bounce, the structure still remains weak unless key resistance is reclaimed.
🔻 Bearish Market Structure Explained
Previous high rejected near $498
Breakdown below mid-range levels
Multiple failed attempts to recover above 450
Sellers defending every rally
This confirms that bulls are currently defensive, not in control.
🔴 Red Impact (Market Weakness)
24H Change: Negative momentum remains dominant
XMP/BTC Pair: Underperforming BTC, showing capital outflow
This indicates relative weakness, not just against USD but also against Bitcoin
When an altcoin loses value against BTC, it usually signals continuation risk unless strong demand enters.
🧩 XMR TRADE SET-UP (Short-Term)
📍 Entry Zone:
👉 415 – 430
🎯 Targets:
🔸 438 (Minor resistance / scalp level)
🔸 447 (Key intraday level)
🔸 460 (Trend invalidation zone)
🛑 Invalidation:
A strong close above 460 would weaken the bearish bias and open doors for a larger recovery.
📊 Key Levels to Watch
Major Support: 417 – 415
Immediate Resistance: 438 – 447
Trend Shift Level: 460
As long as price stays below 460, rallies should be treated as pullbacks, not trend reversals.
🧠 Final Outlook
$XMR is currently in a market correction phase. The structure favors patience and disciplined entries rather than emotional FOMO. Smart traders are waiting for confirmation, not chasing green candles.
📌 Trade the levels, respect the trend, and manage risk.