Monero climbs to $350 as THORChain’s surge enhances XMR’s utility

crypthub

2 days ago

Price Momentum and Key Zone

Monero has climbed to about $344, testing the $350 resistance level. The rise outpaces the broader crypto market and follows steady buying pressure. Improving sentiment and a shift in short‑term structure support the advance. Traders view the $350 area as a decisive barrier.

THORChain Integration Impact

The upcoming THORChain link will give XMR native cross‑chain swap capability, bypassing centralized exchanges. This resolves accessibility issues where Monero is often delisted, opening a permissionless entry and exit point. Easier swaps, especially with Bitcoin, are expected to raise demand. An April 12 community livestream adds short‑term speculative interest.

Technical Outlook and Breakout Potential

XMR is confined between $328‑$330 support and $350‑$355 resistance, with $340 repeatedly acting as a pivot. RSI shows neutral momentum, leaving room for a move either way. A break above the $347‑$355 zone could spark a rapid rally as shorts unwind. Maintaining support over $340 is key for the next breakout attempt.