Monero Price Prediction: XMR Soars 14% As Demand for Crypto Privacy Accelerates

Monero surged to a fresh all-time high on Tuesday, lifting the privacy-focused crypto to $658.87, the highest level in 8 years following a breakout to $542 in January 2018. XMR price is now 14% up in the last 24 hours to trade at $653.39 as of 2:17 a.m. EST, as investors continue to buy.

The recent surge extends a trend that we saw begin late last year, when privacy-linked tokens proved more resilient than much of the broader crypto market.

At the time, Zcash drew most of the attention, as investors demanded and continue to demand privacy-oriented assets.

Amid a rally that drove the token’s market capitalization to above $10 billion for the first time, veteran trader Peter Brandt drew a parallel between Monero and Silver’s long-term charts, suggesting that the cryptocurrency could be near a massive breakout.

The surge in the price of the Monero token comes as much of the broader crypto market continues to struggle to establish a clear direction in recent weeks, with sector-specific narratives driving price action even amid periods of uneven risk appetite.

XMR outperformed the crypto market, which remained unchanged over the last 24 hours, edging up by a fraction of a percentage point to a market capitalization of $3.219 trillion. BTC surged slightly above $92,000, while ETH held strong above $3,100.

Can the price of Monero continue to soar?

Monero Price Analysis: XMR Breaks Higher as Bullish Momentum Continues

The Monero price chart analysis on the 3-day timeframe shows XMR continuing a strong bullish trend after breaking out from a rising consolidation structure and reclaiming key Fibonacci levels.

The XMR price has recently surged, breaking above the $520–$550 resistance zone and accelerating toward the $650 area. This move follows a period of higher lows, indicating sustained buying pressure and strong trend continuation rather than a short-term corrective bounce.

Monero is currently trading well above the 50-day Simple Moving Average (SMA), which sits near $363 and continues to act as long-term support. The sharp upward slope of the 50-day SMA shows strong momentum.

Additionally, Monero remains comfortably above the 200-day SMA near $253, confirming that the broader macro trend remains firmly bullish.

The Relative Strength Index (RSI) is currently around 81, indicating overbought conditions. This reading signals strength rather than immediate reversal risk, provided no bearish divergence develops.

Moreover, the XMR Moving Average Convergence Divergence (MACD) has also turned positive, with the blue MACD line crossing above the orange signal line.

XMR/USD Chart Analysis Source: TradingView

If bullish momentum continues, XMR has room to extend toward the $870 region, which aligns with the next Fibonacci extension level, a 34.25% surge from here.

On the downside, Monero is likely to find initial support in the $520–$550 zone, aligned with the 0.236 Fibonacci retracement.