- Monero’s price rose 9% to reach $378, the highest level since June.
- Privacy coins like Zcash and Decred also jumped as Bitcoin and Ethereum struggled.
- The technical picture suggests Monero could push to a new all-time high on renewed momentum.
While leading cryptocurrencies trade under pressure amid a broad sell-off, Monero (XMR) stands out as one of the coins showing notable gains.
With Bitcoin oscillating below $103,000 and many altcoins bleeding red, XMR gained 9% in 24 hours on increasing volume.
What sparked the move? A revival in the privacy-coin sector, where Zcash surged alongside gains from Dash and Decred, among others.
Monero price jumps 9% to five-month peak
The privacy-focused coin climbed more than 9% over the past 24 hours, reaching levels unseen since early June.
On November 5, 2025, XMR traded as high as $378, rallying from a low of $326.
Over the past year Monero is up 128%, trailing Zcash’s 1,120% surge but comfortably ahead of Ethereum’s 36% and Bitcoin’s 49%.
The latest XMR breakout began on Tuesday during Asian trading hours when the coin cleared a congestion zone between $337 and $346 that had capped the rally since June.
On October 21 buyers stepped in aggressively around the 50-day EMA above $302, turning what looked like a retest into a firm support level.
Once Monero bulls pushed past $350 the rally accelerated to $378, triggering a cascade of short squeezes on perpetual futures venues — more than $391,000 in leveraged positions were liquidated in the past 24 hours.
Meanwhile, the 24-hour token volume rose 19% to $265 million.
The move lifted XMR’s market capitalization to $6.72 billion, putting it at 21st place on CoinMarketCap.
Can Monero extend the rally to a new all-time high?
Technically, the daily chart points to continuation. XMR printed a textbook breakout above the $339 high and is now challenging the 0.786 Fibonacci retracement level from May–August at $378.
Monero price chart from TradingView
A decisive close above this level would open the door to $400 and the 2021 cycle high at $517.
The daily chart also shows momentum oscillators largely bullish.
The chart above shows a daily RSI around 64. While approaching overbought territory, it has not yet entered and could rise further before hitting 70.
Elsewhere, the MACD displays a positive, expanding histogram following a bullish crossover.
The signal-line crossover provides early confirmation, and any additional catalysts could help XMR clear the psychological $400 barrier.
What is the long-term outlook for XMR?
Over the long term, Monero follows the same pattern that preceded its parabolic run in 2021: a multi-month base followed by a breakout.
With privacy coins back in focus and Monero having previously weathered bear markets, the current momentum appears to give bulls a path toward a new ATH and beyond.
However, analysts caution that the cryptocurrency may face choppy trading in the months ahead.