Monero Surges Past $577 With 40% Weekly Gains as Privacy Coin Narrative Strengthens Amid Zcash Turmoil
Monero (XMR) is trading for more than $577. This is a huge jump of around 20% in the last 24 hours and almost 40% in the last week.
Quick overview
- Monero (XMR) has surged over 20% in the last 24 hours, trading above $577 and nearing its all-time high of $592.
- The recent turmoil within Zcash's development team has led to a capital shift towards Monero, making it a preferred choice for privacy-focused investors.
- Institutional interest in privacy coins is growing, with companies like Grayscale and Coinbase highlighting the demand for financial privacy amid increasing regulation.
- Technical analysis indicates that Monero is at a critical resistance level, with potential for significant price movement depending on whether it can break through the $500-$520 barrier.
At the time of writing, Monero XMR/USD is trading for more than $577. This is a huge jump of around 20% in the last 24 hours and almost 40% in the last week. The privacy-focused cryptocurrency has crossed the $500 mark for the first time since May 2021. It is now close to its all-time high of about $592, which was established in January 2018.
Zcash Crisis Catalyzes Capital Rotation Into Monero
There is a lot of drama going on with Zcash’s development team right now, which is why the price has changed so much. Earlier this week, the whole Electric Coin Company (ECC) crew that worked on Zcash quit because of bad working circumstances and disagreements about the project’s future and asset allocation. The governance crisis revealed major problems with the Bootstrap Project and how funds were distributed. As a result, ZEC fell more than 20% to weekend lows at $360.
This lack of leadership in Zcash seems to have caused a big shift in money toward Monero, as traders look for privacy currencies through what they regard as a more stable option. The big difference between the two projects—one is at its best price levels in years while the other is facing existential uncertainty—has made Monero the most popular privacy coin among both institutional and retail investors.
Institutional Endorsement Fuels Momentum
In addition to the Zcash ZEC/USD scenario, Monero has benefited from more and more positive comments from institutions. In their most recent studies, major companies like Grayscale and Coinbase have pointed to privacy coins as a major development area. They say that demand for financial privacy is growing as the cryptocurrency market becomes more regulated. As governments around the world make it harder to use cash and keep a closer eye on payment systems, privacy-protecting technologies are getting more interest from investors who are worried about being watched while they make transactions.
Ryan McMillin, the Chief Investment Officer at Merkle Tree Capital, said that “privacy was one of the few areas that held up relatively well through Q4 last year.” This suggests that the current rebound is part of a trend of resilience that started in late 2024.
XMR/USD Technical Analysis: Breakthrough or Breakdown Ahead?
From a technical point of view, XMR is at a really important point right now. The cryptocurrency is trying to break over its all-time high resistance zone, which is between $500 and $520. This level has been quite hard to break through in the past. The two-week chart shows that there have been seven prior attempts to break out in the same way, and each time it failed and was followed by a strong reversal of 40% to 95%.
Technical indicators show a mixed picture on the daily chart. The Relative Strength Index (RSI) has shot up to 80, which means that the market is very overbought and there are worries that the purchasing pressure won’t last. But the Moving Average Convergence Divergence (MACD) keeps going up, with green histogram bars getting taller. This shows that the underlying momentum is still strong.
The R2 Pivot Point, which is at $569, is the first level of support. If XMR breaks through $600, it might move toward the R3 Pivot Point, which is $640.
Monero (XMR) Price Prediction: Two Divergent Scenarios
Based on past fractal patterns, there are two possible paths for Monero’s near-term future. If the negative fractal keeps going and XMR doesn’t break through the $500–$520 barrier zone, the cryptocurrency could go through a long decline phase. In this case, prices might drop back to the $200–$270 region, which is where the rising trendline support and important Fibonacci retracement levels are. This would mean that prices could drop by 50–65% from where they are now.
On the other hand, if the price stays above $520 for a long time, it would break the bearish pattern and could start a price discovery momentum like what happened with other cryptocurrencies that broke out after years of consolidation in 2025. This might push XMR up to $775, which is a major Fibonacci extension level, and maybe even set a new all-time high above $600 in the next few months.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save