- Monero’s price rose 9% to reach a high of $378, the highest level since June.
- Privacy coins Zcash and Decred also climbed alongside Bitcoin and Ethereum.
- Technical indicators suggest Monero could push toward a new all-time high amid the fresh rally.
While many of the major cryptocurrencies struggle amid a broad market pullback, Monero (XMR) is among the tokens staging a notable rebound.
With Bitcoin trading near $103,000 and most altcoins showing red, XMR surged about 9% in 24 hours on rising volume.
What’s driving the move? A renewed interest in privacy-focused coins has lifted Zcash dramatically and produced gains for Dash and Decred, among others.
Monero price jumps 9% to a five-month high
The privacy token gained more than 9% over 24 hours to reach levels not seen since early June.
In fact, XMR traded at highs of $378 on November 5, 2025, after rallying from lows near $326.
Over the past year Monero has climbed roughly 128%, trailing Zcash’s 1,120% surge but outperforming Ethereum’s 36% and Bitcoin’s 49% gains.
The latest XMR breakout began during Asian trading hours on Tuesday when the token cleared the $337–$346 congestion zone that had capped recoveries since June.
Buyers stepped in aggressively around the 50-day EMA above $302 on October 21, turning what looked like another test into a meaningful support level.
After bulls pushed Monero above $350, the move accelerated to $378. This triggered a cascade of short squeezes on perpetual futures platforms, with more than $391,000 in leveraged positions liquidated in the last 24 hours.
Meanwhile, XMR’s 24-hour trading volume jumped about 19% to $265 million.
The move lifted Monero’s market capitalization to $6.72 billion, placing it at number 21 on CoinMarketCap.
Can Monero extend the rally to a new all-time high?
From a technical standpoint, the daily chart favors continuation. XMR printed a textbook swing high at $339 and is now testing the 0.786 Fibonacci retracement level of the May–August move at $378.
Monero price chart by TradingView
A decisive daily close above that level would open the path to $400 and expose the 2021 cycle high near $517.
Daily momentum indicators are largely bullish. The daily RSI sits around 64 — close to overbought but not yet extreme — leaving room to move higher before approaching 70.
Elsewhere, the MACD shows a positive and expanding histogram following a bullish crossover.
The signal-line crossover offers early confirmation, and any additional catalysts could help XMR clear the psychological $400 barrier.
What is the long-term outlook for XMR?
On a longer timeframe, Monero appears to be following the pattern that preceded its 2021 parabolic run: a prolonged consolidation base followed by a breakout.
With privacy coins back in focus and Monero having weathered previous bear markets, the current momentum gives bulls a plausible path toward the prior all-time high and potentially beyond.
That said, analysts warn crypto markets may remain choppy in the months ahead, and investors should expect periods of volatility as the trend develops.