Monero (XMR) jumps to 5-month high as privacy coins lead surprise market rally
Monero (XMR) price surged 9% to a 5-month high of $378, driven by renewed interest in privacy coins as Bitcoin and Ethereum struggle in a broader cryptocurrency sell-off. XMR is up 128% year-to-date, with strong technical indicators suggesting potential for a new all-time high above $400. The rally was fueled by increased trading volumes, aggressive buying, and short squeezes. Analysts note that Monero's breakout aligns with a bullish long-term pattern, though market volatility may persist.
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Monero's Recent Price Surge
Monero (XMR) price surged 9%, reaching a five-month high of $378, the highest level since June 2025. Privacy coins like Zcash and Decred also saw significant gains, while major cryptocurrencies like Bitcoin and Ethereum struggled amid a widespread market sell-off. While Bitcoin remains below $103,000 and many altcoins are seeing losses, Monero’s price increase stands out against the trend, driven by strong market volume and renewed interest in privacy-focused cryptocurrencies.
Catalyst for Monero's Rise
The recent surge in Monero (XMR) price has been linked to the resurgence of the privacy coin sector. Other privacy-focused cryptocurrencies such as Zcash and Dash have also experienced substantial price jumps, demonstrating a fresh momentum in the market. Zcash, for instance, exploded alongside gains for Decred, illustrating a growing interest in tokens that emphasize user privacy.
Performance Comparison with Other Cryptocurrencies
Monero's price gains have brought impressive yearly returns. The token is now up 128% over the past year, outperforming Ethereum’s 36% and Bitcoin’s 49%. However, it still lags significantly behind Zcash, which has skyrocketed by 1,120%. This indicates Monero's steady but less explosive growth compared to some of its peers in the privacy coin sector.
Technical Analysis and Market Movement
The latest XMR price breakout began in Asian hours when it pierced through the $337–$346 resistance zone, a level that had capped rallies since June. Aggressive buyer activity around the 50-day EMA at $302 on October 21 turned this into a strong support zone. After successfully breaking the $350 level, Monero surged to $378, triggering a wave of short liquidations amounting to $391,000 on futures platforms. Additionally, the token’s 24-hour trading volume rose 19% to $265 million, lifting its market cap to $6.72 billion and positioning it as the 21st largest cryptocurrency on CoinMarketCap.
Momentum Indicators and Future Projections
The daily chart signals further potential movement. Monero’s RSI stands at 64, showing bullish momentum without being overbought, while the MACD histogram remains positive and expanding after a bullish crossover. A decisive close above $378 could enable Monero to target the $400 psychological barrier and possibly challenge the 2021 cycle high of $517. Analysts note the current technical picture suggests that XMR may aim for a new all-time high, supported by its historical ability to withstand bearish conditions.
Long-term Outlook for Monero
On a long-term perspective, Monero appears to be following a trajectory similar to its 2021 parabolic run, characterized by a multi-month base and subsequent breakout. With privacy coins like Monero gaining prominence once again, its current momentum positions it to potentially surpass its all-time high. However, analysts warn of potential volatility, cautioning traders to be prepared for choppy trading conditions in the coming months.