- Monero’s price rose 9% to reach a high of $378, its highest level since June.
- Other privacy-focused coins such as Zcash and Decred also jumped while Bitcoin and Ethereum struggled.
- The technical picture suggests Monero could extend its recovery and challenge a new all-time high thanks to the fresh momentum.
As top cryptocurrencies face a broad sell-off, Monero (XMR) is among the coins showing notable gains.
With Bitcoin trading below $103,000 and most altcoins bleeding red, XMR climbed about 9% over 24 hours on rising volume.
What’s driving the move? A resurgence in the privacy-coin sector, highlighted by a surge in Zcash and gains for coins like Dash and Decred.
Monero price jumps 9% to five-month high
The privacy coin strengthened more than 9% over the past 24 hours, reaching levels not seen since early June.
On November 5, 2025 XMR traded up to $378 after bouncing from a low of $326.
Over the past year Monero is up roughly 128%, trailing Zcash’s dramatic 1,120% gain but well ahead of Ethereum’s 36% and Bitcoin’s 49% year-to-date gains.
The latest XMR price breakout began during Asian trading hours on Tuesday, when the coin cleared a congestion zone between $337 and $346 that had capped rallies since June.
Buyers aggressively stepped in on October 21 around the 50-day EMA, above $302, turning what looked like repeated tests into a firm support level.
After bulls pushed Monero past $350, the rally accelerated to $378. That move triggered a cascade of short squeezes on perpetual futures platforms, with more than $391,000 in leveraged positions liquidated over the past 24 hours.
Meanwhile, 24-hour token volume rose about 19% to $265 million.
The move lifted XMR’s market capitalization to approximately $6.72 billion, placing it around 21st on CoinMarketCap.
Can Monero extend the rally to a new all-time high?
From a technical standpoint the daily chart points toward continuation. XMR printed a textbook breakout above $339 and is now attacking the 0.786 Fibonacci retracement of the May–August swing at $378.
A decisive daily close above this level would put $400 in play and open the path toward the cycle high from 2021 near $517.
The daily chart also shows momentum oscillators largely bullish.
For example, the daily RSI sits around 64. While approaching overbought territory, it has not yet reached it and has room to rise before hitting 70.
Elsewhere, the MACD shows a positive, expanding histogram after a bullish crossover.
The signal-line cross offers early confirmation, and any further positive catalyst could help XMR overcome the psychological $400 barrier.
What is the long-term outlook for XMR?
On a longer-term basis, Monero appears to be following the same pattern that preceded its parabolic move in 2021: a multi-month base followed by a breakout.
With privacy coins back in the spotlight and Monero having weathered prior bear markets, the current momentum could allow bulls to target a new all-time high and beyond.
Analysts caution, however, that cryptocurrency trading may remain choppy in the coming months, and volatility could produce intermittent pullbacks even within a broader uptrend.