- Monero price rises 9% to reach a high of $378, the highest level since June.
- Privacy coins such as Zcash and Decred also surged while Bitcoin and Ethereum struggled.
- Technical outlook suggests Monero could push toward a new all-time high amid renewed momentum.
As top cryptocurrencies struggled amid a broad sell-off, Monero (XMR) stood out as one of the coins posting a notable uptick.
While Bitcoin hovered below $103,000 and most altcoins traded in the red, XMR jumped 9% over 24 hours alongside swelling volume.
The catalyst? A revived privacy-coin sector that has seen Zcash explode, alongside gains for Dash and Decred, among others.
Monero price climbs 9% to five-month peak
The privacy-focused coin gained more than 9% in the past 24 hours, reaching a level not seen since early June.
In fact, XMR traded as high as $378 on November 5, 2025, rising from a low of $326.
Monero is now up 128% year-over-year, trailing Zcash’s 1,120% gain but significantly outperforming Ethereum at 36% and Bitcoin at 49%.
The recent XMR breakout began during Asian trading hours on Tuesday, when the token pushed through the congestion zone between $337 and $346 that had capped rallies since June.
Buyers stepped in aggressively at the 50-day EMA above $302 on October 21, turning what looked like a retest into key support.
After Monero cleared $350, the move extended to $378. That triggered a short squeeze on perpetual futures platforms, with more than $391,000 in leveraged positions liquidated over the past 24 hours.
Meanwhile, 24-hour volume surged 19% to $265 million.
The move lifted XMR’s market capitalization to $6.72 billion, placing it 21st on CoinMarketCap.
Can Monero extend the rally toward a new all-time high?
Technically, the daily chart signals continuation. XMR printed a textbook higher low at $339 and is now testing the 0.786 Fibonacci retracement of the May–August swing at $378.
A decisive daily close above that level would bring $400 into focus and open the path toward the 2021 cycle high around $517.
The daily chart also shows momentum oscillators largely tilting bullish.
On the chart above, the daily RSI sits at 64. While nearing the overbought threshold, it has not yet entered that zone and could rise further before approaching 70.
Elsewhere, the MACD displays a positive histogram that has expanded following a bullish crossover.
The signal-line crossover offers early confirmation, and any further catalysts could help XMR break through the psychological $400 barrier.
What is the long-term outlook for XMR?
Over the longer term, Monero appears to be tracing a pattern similar to the build-up that preceded the parabolic leg in 2021: several months of base formation followed by a breakout.
With privacy coins back in the spotlight and Monero having survived earlier bear scenarios, the current momentum could support a run toward—and potentially beyond—the previous all-time high.
That said, analysts caution that crypto markets may still experience choppy trading in the coming months.