Monero price outlook as XMR faces amplified risk-off selling

Invezz
2026.01.30 18:16
portai
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Monero (XMR) faces intensified selling pressure amid bearish sentiment in the crypto market, struggling below key technical levels. Regulatory scrutiny, particularly against privacy coins, has heightened downside risks, with proposals in Russia and the EU limiting retail exposure. Monero's price has broken below the $450 support, with analysts watching the $437.90 level closely. The overall market's risk aversion has led to profit-taking and increased Bitcoin dominance, further impacting XMR. The near-term outlook remains negative unless Monero stabilizes above $420 and overcomes resistance at $480.