- Monero price climbed to highs near $420 on Friday, November 28, 2025.
- XMR bulls extended a weekly gain to 26%.
- Price forecasts suggest a successful breakout could push Monero toward a new all-time high.
Monero (XMR) rose roughly 6% over the past 24 hours, adding to a strong weekly advance as the privacy-coin sector sees renewed interest.
Despite macroeconomic headwinds affecting global markets, XMR held above $400 last week and momentum pushed bulls toward the $420 area.
That price level represents a key resistance zone. If buyers overcome it, targets shift to $500 and potentially the all-time high of $517 recorded in May 2021.
Monero near $420 after 26% weekly gain
Over the last week Monero showed steady upside, with double-digit gains driving the token to intraday peaks around $420.
At the time of writing, XMR ranked among the top performers over the previous 24 hours, climbing about 6% in a day and more than 26% for the week.
Notably, the price sat near $369 on November 25 before breaking higher to reach the $420 highs.
Historically, this area has seen sharp rejections, including abrupt moves toward $470 and $440 on November 9 and 15, 2025 respectively.
Daily closes below $420 have produced pullbacks, reinforcing the level’s significance for both bulls and bears.
Still, last week’s rise reflects renewed demand, and steady, gradual gains could set the stage for a decisive breakout.
Momentum has already strengthened: the privacy coin outpaced many large-cap cryptocurrencies during the rally.
During the week, Bitcoin, Ethereum, XRP and Solana struggled after recent declines.
Monero also outperformed the leading privacy coin Zcash, which fell roughly 30% over the same period. Zcash had recently dominated privacy narratives, but debates about competing privacy networks persist while XMR’s price action benefits from improving sentiment.
Monero price outlook: can XMR bulls push past $500 next?
XMR previously failed to clear major resistance near $500, peaking around $470 in the last month.
That leaves bulls looking for a push toward a new all-time high — the $517 mark from May 2021 remains the ultimate target.
In the current market cycle, Monero faces significant resistance at about $420.
This threshold carries historical weight: the altcoin has been met with sharp rejections in this zone, especially during short-lived rallies in November.
The pattern of rejections suggests a potential paradigm shift for XMR, although profit-taking remains a near-term risk.
From a technical perspective, bulls hold a modest advantage.
The relative strength index (RSI) sits near 62 on the daily timeframe, signaling bullish momentum without extreme overextension.
Elsewhere, the MACD is showing a bullish crossover.
Meanwhile, the 50-day moving average, currently rising toward $351, offers dynamic support.
If the current momentum holds, a breakout toward the psychological $500 level is possible.
Conversely, a drop below $400 could give bears the opportunity to stall the rally and force consolidation or deeper losses.