Key takeaways:
Monero (XMR) surged previous the $500 mark for the primary time since its peak in Might 2021.
The privacy-focused cryptocurrency briefly touched $500.66 after rising greater than 6% on Sunday and 20% over the previous week. That introduced it nearer to its file excessive of round $517.50, established in April 2021.
Zcash fiasco stirs XMR value rally
Monero’s ascent contrasted sharply with the turmoil engulfing its privateness coin rival, Zcash (ZEC).
On Wednesday, the Electrical Coin Firm (ECC) staff behind Zcash resigned en masse, citing insupportable working situations and board disputes over the challenge’s property and route.
The fallout uncovered deep rifts in Zcash’s management, notably involving the Bootstrap Mission and funding allocations. ZEC’s value plummeted by over 20% days after the mass resignation, reaching a weekly low of round $360 over the weekend.
Monero additionally drew help from a wave of bullish institutional commentary.
Of their newest studies, companies resembling Grayscale and Coinbase highlighted privateness cash as a key development theme, citing rising demand for monetary confidentiality in an more and more regulated crypto panorama.
Associated: Crypto privateness in 2026: Compliance-friendly instruments take middle stage
With Zcash in flux, merchants appeared to favor Monero because the cleaner privateness publicity.
Monero fractal signifies rally received’t final
As of January, XMR was on the cusp of value discovery whereas eyeing a breakout above its file excessive of round $517.50.
Related breakout makes an attempt occurred seven occasions up to now, every failing and adopted by sharp corrections, starting from roughly 40% to as a lot as 95%, towards an ascending trendline help.
XMR will threat coming into a chronic correction section if historical past repeats, taking its value towards $200-270, an space aligning with the decrease trendline help and prevailing Fibonacci retracement traces.
Conversely, a sustained breakout above the $500–$520 resistance would invalidate the bearish fractal.
In that situation, XMR might observe the trail of cryptocurrencies that broke out after multi-year consolidations in 2025, opening the door for a rally towards $775, a Fibonacci retracement line, and a brand new all-time excessive this yr.
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This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice. Whereas we try to offer correct and well timed data, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any data on this article. This text might include forward-looking statements which can be topic to dangers and uncertainties. Cointelegraph won’t be accountable for any loss or harm arising out of your reliance on this data.