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Monero's price rose by nearly 19%, from US$580.60 to a new all-time high of US$689.96, before slightly pulling back near the US$670 level.
This sharp rise during the day indicates strong demand and higher volatility, as Monero enters a new price range.
Monero (XMR) reached an all-time high today, rising from a daily low of $580.60 to $689.96. After reaching this level, the price dipped slightly and is currently trading at around $670. From its daily low to its peak, XMR achieved gains of about 18.8%, indicating strong buying interest during the session. XMR's price has also risen by 52% over the week. This increase follows a steady upward trend that started from the $280-300 range in late 2025.
Monero is trading above the 50 and 100-day moving averages.
From a directional perspective, the trend remains clearly bullish. Monero's price is trading above the 50 and 100-day moving averages, which are currently near $435 and $390, respectively. The gap between the price and these averages has widened, confirming strong bullish momentum. The previous crossover of the moving averages has solidified a long-term bullish trend, and the recent expansion shows buyers' dominance.
(Source: TradingView)
Momentum indicators support the strength of this move. The daily relative strength index for Monero has risen above 80, indicating an overbought condition. While this reflects strong buying pressure, it also suggests a potential slowdown in the rally or stabilization in the near term. Historically, such relative strength index levels often lead to sideways movement or short-term pullbacks rather than immediate reversals.
(Source: TradingView)
The MACD indicator continues to expand in the positive zone, as the crossover of the signal line and the rising bars confirms the strength of the trend. At the same time, an ADX reading near 29 indicates that the trend is gaining maturity, suggesting directional momentum, but it may start stabilizing if volatility increases.
Focusing on the $650-$620 area, we find it forms immediate support, given its alignment with the recent breakout zone. A deeper pullback could defend the $560-$580 area. On the upside, XMR has started price discovery, making $700 the next psychological level to watch.
Overall, Monero's price movement reflects a strong breakout from an extended accumulation phase. While a short-term decline is possible due to extended momentum, the overall structure remains positive as long as the price stays above key support areas$XRP
