- Monero’s price climbed to highs near $420 on Friday, November 28, 2025.
- XMR bulls have pushed weekly gains to 26%.
- Price outlook suggests a successful breakout could send Monero to a new record high.
Monero (XMR) has risen roughly 6% over the past 24 hours, extending weekly gains as the privacy-coin sector continues its recovery.
With global markets facing macroeconomic headwinds, XMR has held above $400 this week, with momentum driving bulls close to $420.
This level represents a key resistance zone; a decisive break above it could put buyers in position to target $500 and the all-time high of $517 recorded in May 2021.
Monero price near $420 after 26% weekly advance
Over the past week Monero has posted steady gains, including double-digit moves that pushed bulls toward peaks near $420.
At the time of writing, XMR ranks among the top performers over the last 24 hours, up almost 6% in that period and roughly 26% for the week.
Notably, the price was around $369 on November 25 and has since surged to highs near $420.
That zone has previously produced sharp rejections for the privacy coin, with earlier tops around $470 and $440 on November 9 and 15, 2025, respectively.
Daily closes back below $420 triggered pullbacks, underlining the importance of this level for both bulls and bears.
Nevertheless, this week’s advance reflects renewed interest, and steady, incremental gains could set the stage for a meaningful breakout.
So far, this move represents a substantial relative outperformance, with the privacy coin surpassing many blue-chip cryptocurrencies.
Throughout the week, Bitcoin, Ethereum, XRP and Solana have struggled following recent declines.
Monero has also outpaced Zcash, historically another leading privacy coin, which fell about 30% over the past week and recently led gains when privacy narratives dominated.
The debate over the leading privacy network continues, and XMR’s price has risen amid renewed attention to the sector.
Monero price outlook: can XMR bulls exceed $500 next?
XMR has repeatedly tested and failed to clear major resistance near $500, most recently topping out around $470 during the last month.
That sets the stage for bulls to chase a breakout toward a new record, with $517 the notable peak from May 2021.
In the current market cycle Monero faces firm resistance at $420.
This threshold carries historical significance: the altcoin has encountered strong rejections in this area on several occasions, particularly during short rallies in November.
That resilience suggests a potential inflection point for XMR, although short-term profit-taking remains a risk.
From a technical standpoint, bulls hold a modest advantage.
The daily Relative Strength Index (RSI) sits around 62, signaling momentum that is not yet in overbought territory.
Elsewhere, the MACD indicates a positive crossover.
Meanwhile, the 50-day moving average, now sloping upward near $351, provides dynamic support.
If current momentum continues, a push toward the psychological $500 level is plausible.
Conversely, a breakdown below $400 would give bears a clearer path to halt the rally.