There are many reasons that you may want to set a static IP on your Xbox 360 but the biggest reason would probably be the fact that you are having trouble playing online multiplayer games. I will be writing another article soon about how to resolve the issue of NAT showing as Moderate on your Xbox 360. This article is specifically related to assigning a static IP on your home network to your Xbox 360. Once you complete the below steps you will always know the address of your Xbox 360 on your local network which will make things such as port forwarding easier in the future. Follow the steps below to assign a static IP address to your Xbox 360.