Monero (XMR) Hits a New ATH: Further Pump or Collapse on the Way?
The crypto market has seen vital motion over the previous 24 hours, with Monero (XMR) rising as the best-performing coin in the prime 100 membership.
Its value tapped a new historic file, and plenty of analysts imagine the rally is way from being over.
How Much More?
Just a few hours in the past, the fashionable privateness coin reached a contemporary all-time high of just about $600, whereas shortly after it misplaced some momentum and presently trades at round $577 (per CoinGecko’s knowledge).
XMR’s market cap soared past $10.5 billion, making it the 18th-biggest cryptocurrency and the undisputed chief in its area of interest. Zcash (ZEC), which has had its shining moments in current months, ranks second with a capitalization of roughly $6.5 billion.
Logically, the new peak prompted quite a few business individuals to shift their focus towards the asset. Some praised the file as a main achievement, provided that it comes regardless of XMR’s delisting from a number of exchanges in the previous. One of these is Binance, which terminated all companies with the token at the begin of 2024.
X person il Capo of Crypto told their nearly a million followers that, just like gold and silver, XMR could expertise short-term corrections however expects it to climb a lot increased.
George predicted an ascent in direction of the $800-$900 vary “prior to most suppose,” whereas Greeny envisioned a pump above $1,000. X person Kazi seems to be the largest optimist, forecasting a moderately unrealistic (at the least as of the second) bounce to $10,000. Such a rise would require XMR’s market cap to succeed in roughly $185 billion, practically equal to Tether’s stablecoin USDT.
Pullback on the Horizon?
History reveals that, in lots of circumstances, XMR’s spikes to file highs have been rapidly adopted by painful corrections. In May 2021, the value exploded above $500, however simply a few days later, it dropped beneath $200. The same sample was noticed in the spring of 2025.
The asset’s Relative Strength Index (RSI) helps the bearish state of affairs. The technical evaluation instrument measures the pace and magnitude of the newest value adjustments and is utilized by merchants to identify potential development reversals. It ranges from 0 to 100, and ratios above 70 sign that XMR is overbought and due for a pullback. Conversely, something beneath 30 is taken into account a shopping for alternative. As of this writing, the RSI stands at roughly 78.
The publish Monero (XMR) Hits a New ATH: Further Pump or Collapse on the Way? appeared first on CryptoPotato.
