Monero (XMR) is shaking things up after jumping 26% in price over the past day, now trading around $288.84. Even more impressive, its trading volume has shot up by 293%, showing that interest is heating up fast. Several factors seem to be driving the momentum, from a big protocol upgrade to long-term bullish technical setups. Crypto watchers like Emmanuel G. and Mihir have weighed in on what’s behind the surge.
According to Emmanuel, Monero’s EP159 and EP160 upgrades are getting closer to launching on the mainnet. One of the biggest changes coming with EP159 is that it could make Monero more “compliance-friendly” without sacrificing the privacy it’s known for. Thanks to self-contained proofs of transaction validity, exchanges would be able to verify deposits without needing to peek into users’ private information.
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I bet EP159 upgrade is the reason behind Monero's pump today.
— Emmanuel G. (@e_goldstein_84) April 28, 2025
TL;DR: $XMR going back to Binance and Coinbase, and the European market as it will now compatible with MiCA regulations.
Both EP159 and EP160 to be pushed in mainnet soon. pic.twitter.com/NDTlcnLOop
A visual shared alongside the upgrade details shows how EP159 could lower the compliance hurdles that have kept Monero off major platforms. If it works out, Monero might find its way back to big exchanges like Binance and Coinbase. Even more, this move could make Monero compatible with Europe’s new MiCA regulations, opening the door to a wider European audience.
The idea of seeing Monero re-listed on major, regulated exchanges is giving the community a lot of hope. It could especially boost Monero’s presence in privacy-friendly regions like Switzerland and parts of Asia, where demand for privacy coins has always stayed strong.
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What you'll learn 👉
Monero Technical Setup Points Toward Breakout
Top analyst Mihir shared that Monero price has been forming a massive ascending triangle pattern over the last eight years. This technical structure, often associated with bullish outcomes, shows a flat resistance zone around $470-$500 and a steadily rising support line originating near $2.
Historical price movements show Monero attempting to breach this resistance during previous bull runs in 2018 and 2021 but facing rejection. Current chart formations suggest that XMR is nearing the apex of the triangle, increasing the probability of a breakout. If successful, the projected target price could approach $900-$1,000 based on the triangle’s height measurement.
Volume trends, although not fully available in the posted chart, typically precede major breakouts in ascending triangles, making current trading activity worth monitoring closely.
Monero (XMR) Resilience Against Market Pressure
Another factor adding to Monero’s rally stems from its resilience in the face of regulatory pressure. Market analyst Monero Mavrick pointed out on X that despite being listed on only one exchange in the United States and facing past challenges from regulatory bodies, Monero added $1 billion to its market capitalization within 12 hours.
This shows that demand for privacy-focused cryptocurrencies remains robust even under tight market scrutiny. Monero’s ability to sustain growth amid an aggressive regulatory environment enhances its reputation as a long-standing privacy asset.
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Monero is on one exchange in the entire US due to regulators fuming at its existence
— Monero Mavrick (@MoneroMavrick) April 28, 2025
And yet after all the delistings, IRS bounty and attacks, $XMR has added $1B in market cap in less than 12 hours
This is a $100,000 coin, The Real Bitcoin pic.twitter.com/ScVVMeWapH
Market Outlook for Monero Price
As Monero’s EP159 and EP160 upgrades approach full deployment, the asset could see broader acceptance across regulated platforms. Coupled with a strong technical foundation and growing user support, the outlook for Monero remains firmly in focus among crypto traders.
The combination of technical patterns, regulatory adaptation, and growing market resilience paints a picture of an asset preparing for potential broader market reintegration and XMR price appreciation.
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