Monero (XMR) Reaches New All-Time High of $610 – Veteran Trader Sees Silver-Like Potential

Monero (XMR) has surged to a new all-time high, exceeding $610 for the first time. This privacy-focused cryptocurrency is seeing increased interest and substantial price movements, drawing comparisons to the historical performance of silver. Veteran traders speculate on future movements, with predictions of both potential breakout targets and possible corrections.

Key Takeaways

Monero (XMR) hit an all-time high of $611.01 after a 21% rise.
This surge is linked to renewed interest in privacy coins and shifts in market liquidity.
Veteran trader Peter Brandt sees similarities between XMR's current movement and silver's historical price patterns.
TraderSZ is bullish, forecasting potential price targets of $685, $790, and $900 due to momentum.
Analyst Ali Martinez warns of a possible correction, suggesting that XMR could drop to around $300.

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A Closer Look at Monero's Rise

On Monday, Monero made a significant impact in the crypto market, climbing nearly 21% to achieve a new all-time high of $611.01. The cryptocurrency, known for its privacy features, has led the year-start market rally, marking a 43% increase in just one week. Renewed interest in privacy coins and the reallocation of market liquidity have boosted Monero's market capitalization to $10 billion for the first time.

In light of this upward trend, seasoned trader Peter Brandt drew a noteworthy comparison between Monero and silver, suggesting that XMR could be on the verge of a major breakout. In a recent post, Brandt illustrated how Monero's current rally resembles the historical breakout of silver, which initiated a significant climb to new heights. Silver had established long-term resistance during its 2011 peak before ultimately exceeding this level in late 2025, leading to a surge toward an all-time high of $86.23.

Monero

What Lies Ahead for Monero?

Examining the future potential of Monero, market observer TraderSZ expressed optimism about the cryptocurrency's trajectory following its recent breakout. If XMR maintains momentum and solidifies its position at this critical resistance level, it could aim for targets of $685, indicating a 30% increase. Furthermore, projections suggest it might reach levels between $790 and $900, echoing silver's previous price discovery trend.

Analyst 0xMarioNawfal echoed this bullish sentiment, noting that XMR's price reflects strong momentum, consistently surpassing previous resistance levels with minimal pullbacks. He considers the current bullish structure as encouraging, with active buying observed and limited signs of market distribution.

Contrastingly, Ali Martinez issued a cautionary note, predicting a potential correction for Monero. He highlighted a multi-year rising wedge pattern established since 2017, indicating that XMR may struggle to maintain support at the recent breakout levels, potentially leading to a significant decline towards the $300 area.

As of now, Monero is trading at approximately $597, reflecting a substantial monthly increase of 47.5%.

Monero, XMR, XMRUSDT

Overall, Monero's recent performance and the insights from seasoned analysts underline the complexities and opportunities within the cryptocurrency market, particularly in the realm of privacy-focused assets.