The hard fork to MoneroV also has brought in a lot more , maybe 3-5X more and so I'm looking at Monero again as a good long-term privacy coin. The hardfork to MoneroV has been pushed off to April 30th, which means we could see some good correlated price action if BTC continues to dip.
XMR has really held up with the dramatic fall in BTC and I wouldn't attribute this to growth necessarily because the hard fork talk has probably created more speculative interest in XMR over the last week or so and kept prices higher than what might be "fair". This influx of speculators could lead to a bigger dip relative to BTC going forward.
We can see the positive uptrend goes back to at least January (I think this is a Kraken XMRUSD chart and it doesn't show anything prior to January) 2017.
Given these price levels a reasonable target for entry might be in the $150 to $240 range. $230-$240 could be strong support, so some additional factors will need to be taken into account as the price action unfolds.
We should anticipate a bullish move closer to the snapshot or at least consideration of a significant increase in volume going into April (especially if combined with a bottoming out around the target price levels).
And now that price has dipped back to the neckline on BTC, LTC, and XMR that suggests those speculators have been mostly cleared out of their positions.
It can be useful to follow these groups or just certain people on crypto twitter. As the April hard fork comes into play it will be useful to look for potential patterns that the hard fork pump might align with unless the overall trend already looks positive and positions have already been taken.
Also, I wonder if those speculating on Monero prices movements are simply profiting from the trade rather than trying to procure free coins. That being said, Litecoin Cash drove a lot of people to Litecoin and there seems to have been no drop off at all after the hard fork other than from Bitcoin correlated price movements.