Monero Dropped 9% to $360. XMR Price to Recover Today?

The cryptocurrency market is now recovering after having gone through the previous decline, and both Bitcoin and Ethereum are almost 3 percent higher in the past 24 hours. Nevertheless, unlike this upward trend in leading cryptocurrencies, XMR price has gone down by almost 5% today. To comprehend the XMR price and examine the possible future of its price, let’s analyze the XMR chart during the last 24 hours.

Monero Rebounding After 8% Drop

As of December 8th, 2025, Monero (XMR) is regaining some of the massive over 8% decline it suffered within the past 24 hours. The price started increasing when it had oversold on the RSI, and the MACD had formed a Golden Cross at the beginning of the trading day. A pin bar appeared at the $360 level of support, which was the lowest point of the day. Since then, the price has been fluctuating upwards in an upward channel to a current price of $375. The second level of resistance is $378, and the support is $360. In case any of these levels is violated, XMR may proceed in the direction of the breakout.

XMR Price Dipped from $396 to $360

To have a more contextual understanding of the current market trends, let’s explore what has occurred on the XMR chart in the past 24 hours. The XMR price on December 7th, 2025, was evidently on a downward trend, with the price beginning at 396 and then declining in a robust channel. The initial significant decline took the price to $384. The RSI at this stage showed that it was over sold, whereas the MACD made a Golden Cross, thus indicating that the price would take a moment to consolidate. This gave way to a range-bound market, where XMR price went around in a tight band with traders awaiting other indications.

XMR/USDT M5 chart, analyzed by Ali Oliyaee, published on TradingView, December 8th, 2025

There was, however, a change at around 9:00 AM UTC when the MACD started to show signs of weakness, which is an indication of a possible downturn. This was supported when the price fell below the support level of $392, which was signaled by a complete bullish downward candle. XMR price then plummeted to a new support level of $374, which was only to be tested before once more, breaking down and falling even lower to $370.

At this point, the XMR price stabilized and then slightly recovered to reach $378, establishing a small upward channel. This channel was broken at the lower boundary at $370, and this initiated another strong movement towards the downward direction. The price has surged past the support level at $370, and it eventually hit the lowest point of the day at $360. It is at this XMR point that the price shifted back to an oversold phase, and the MACD showed the possibility of a recovery, which led to the recovery experienced later in the day.

What’s Next for Monero (XMR)?

At present, Monero is undergoing price oscillations between the support price at $360 and the resistance price at $378. It will likely break out in either direction, and, according to the recent trends, the XMR price has already broken out of its general downward channel. Should the price keep climbing and force past the resistance of $378, we may be in a position to be driven higher with the first target of $380 and the second target of $388.

Nevertheless, in case the market keeps trading at the same level and breaks the lower boundary, the market will probably fall even further, and the next possible support point to pay attention to is $350. The next few hours will be very important in giving an indication that XMR will go ahead with recovery, or it will plunge further.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.