- Monero price climbed to a high of $420 on Friday, November 28, 2025
- XMR’s bullish run extended weekly gains to 26%
- Price action suggests a successful breakout could push Monero toward a new all-time high
Monero (XMR) rose roughly 6% over the past 24 hours, extending its weekly gains amid a steady recovery in the privacy-coin sector.
Despite global macroeconomic headwinds, XMR has held above $400 during the past week, building momentum that pushed bulls toward the $420 level.
That price area represents a key resistance zone, with buyers now targeting $500 and the all-time high of $517 set in May 2021.
Monero Approaches $420 as Weekly Gains Reach 26%
Over the past week Monero posted consistent gains, reaching double-digit percentage increases that brought the bullish move close to $420.
At the time of writing, XMR ranked among the top performers over 24 hours, up almost 6% in that timeframe and more than 26% for the week.
Specifically, the price sat around $369 on November 25 but surged to a high of $420.
This zone has previously produced sharp rejections for the privacy coin, with notable peaks near $470 and $440 on November 9 and November 15, 2025, respectively.
Pullbacks occurred when daily closes fell below $420, confirming the level’s importance to both bulls and bears.
However, the rally this week reflects renewed investor interest, and sustained upside momentum could result in a decisive breakout.
The recent performance has been notable, with the privacy coin outperforming several major cryptocurrencies.
Over the week, Bitcoin, Ethereum, XRP and Solana all struggled following recent declines.
Monero also surpassed the well-known privacy coin Zcash, which slid about 30% during the week; Zcash had recently led the privacy narrative.
Debate over leading privacy networks continues, yet XMR’s price has climbed amid growing overall confidence.
Monero Price Outlook: Can XMR Break Above $500?
XMR has struggled to clear a major resistance near $500, with a recent peak at $470 during the past month.
That level is critical as bulls await a push toward a new all-time high of $517 from May 2021.
In the current market cycle, Monero faces stiffer resistance at $420.
The level carries historical significance; the altcoin has encountered sharp rejections around this zone multiple times, particularly during temporary rallies in November.
Price resilience hints at a possible paradigm shift for XMR, though short-term profit-taking remains a risk.
From a technical perspective, bulls have a slight edge.
The Relative Strength Index (RSI) sits near 62 on the daily timeframe, indicating healthy momentum without being overbought.
Elsewhere, the MACD shows signs of a bullish crossover.
Meanwhile, the 50-day moving average—currently sloping up around $351—provides dynamic support.
If the current price momentum persists, XMR could challenge the psychological $500 zone.
Conversely, a decisive break back below $400 would give bears room to halt the rally and potentially reassert control.