- Monero price rose to highs of $420 on Friday, November 28, 2025.
- XMR bulls have extended weekly gains to 26%
- Price outlook suggests a successful breakout could push Monero to a new all-time high.
Monero (XMR) climbed roughly 6% in the past 24 hours, extending a strong weekly advance as interest in privacy-focused cryptocurrencies returned. As broader markets contend with macroeconomic challenges, XMR has held above $400 this week, with buying momentum driving prices close to $420.
That area of near-term resistance is critical: a clear move above it would put $500 and the May 2021 all-time high of $517 squarely in buyers’ sights.
Monero price near $420 amid 26% weekly gain
Over the last seven days Monero has posted steady, double-digit gains. At the time of writing XMR is among the top performers for the 24-hour period, up about 6% and roughly 26% on the week.
The token traded near $369 on November 25 before breaking higher and reaching intraday highs around $420.
Historically, the $420 zone has repeatedly acted as resistance. Earlier in November, sharp rallies stalled at roughly $470 and $440 on November 9 and November 15, respectively, and subsequent daily closes below $420 led to pullbacks. That makes the current level a decisive battleground for both bulls and bears.
Still, this week’s rally highlights renewed buying interest. Gradual, sustained gains could set the stage for a decisive breakout, especially if momentum continues to build.
Monero’s recent advance has outpaced many major cryptocurrencies. During the same period, Bitcoin, Ethereum, XRP and Solana have seen subdued performance after recent declines.
Monero is also outperforming rival privacy-focused coins. Zcash, for example, has fallen about 30% in the past week—even though privacy narratives have driven earlier gains for privacy-oriented assets. Debates over the leading privacy networks continue, but XMR’s price rise reflects improving market sentiment for Monero specifically.
Monero price outlook: can XMR bulls breach $500 next?
Monero has not yet cleared the stronger resistance that sits near $500, with a peak at $470 in the last month. A sustained push above $500 would reopen the path toward the record $517 level from May 2021.
At present, the $420 level holds considerable significance. Multiple short-lived rallies in November encountered rejection at or around this price, underscoring its technical importance. That said, the coin’s resilience this week could signal a shift in the near-term narrative—though profit-taking remains a plausible short-term risk.
Technically, indicators favor the bulls modestly. The Relative Strength Index (RSI) on the daily chart sits near 62, indicating positive momentum without reaching overbought extremes. The MACD has also displayed a bullish crossover, supporting upward bias. Additionally, the 50-day moving average, now tilting up around $351, offers dynamic support for further advances.
If current momentum persists, a move toward the psychologically important $500 mark is feasible. Conversely, a decisive break below $400 would give sellers the chance to stall the rally and push prices lower.
In summary, Monero’s recent performance shows renewed demand for privacy assets and gives bulls a chance to challenge key resistance. Traders will be watching the $420–$500 zone closely: a convincing breakout could propel XMR toward fresh highs, while failure to hold above $400 would open the door for a corrective pullback.