Monero (XMR) is back in the spotlight after a strong rally pushed its price above $400, something we haven’t seen in nearly three years. At writing, XMR price is sitting at $407.19, up 5% in the last 24 hours. What’s interesting is that trading volume has dipped by 15%, hinting that fewer traders might be jumping in despite the price spike.
This latest move looks like a classic breakout. Over the past couple of months, Monero has climbed from around $225 past $400. That’s a steep rise, and the daily chart from Kraken shows a clear parabolic curve. The 200-day simple moving average (SMA) is down at $221.39, way below where the price is now, another sign that the trend has turned bullish in a big way.
But not everything points straight up from here. The RSI is currently at 84.89, which is well into overbought territory. Typically, when RSI levels get this high, it’s followed by either sideways movement or a pullback. If Monero price cools down a bit, there’s a support zone around $325 to $340. Below that, $275 and $225 are also key levels to watch, especially since $225 lines up with that 200-day SMA. As for resistance? There isn’t much above right now, XMR is moving into price territory it hasn’t touched in years.
What you'll learn 👉
Key Drivers Behind the Monero Price Surge
Top traders Monero Mavrick and Cybergots shared insights that align with Monero’s bullish momentum. According to MoneroMavrick, the upcoming FCMP++ upgrade, set for Q4, has strengthened community optimism. Reports of increased buying activity from Chinese whales and rumors of listings on Coinbase and Robinhood have further added to demand pressure.
– FCMP++ Monero upgrade Coming Q4
— Monero Mavrick (@MoneroMavrick) May 25, 2025
– Chinese Whale Buying Pressure
– CoinBase & RobinHood listing
– Less Coins in supply than Bitcoin
– Up And coming $XMR only Chinese Darknet
– @xmr_gg coming back with sports betting and is going to compete with stake/roobet
– Monero…
Read Also: This Is It for XRP Holders – Why $8 Could Be the Final Stop Before a New Era
Other drivers include the rise of an XMR-only darknet market, the return of the sports betting platform xmr_gg, and growth in adoption by new businesses. The Monero ecosystem is also reportedly expanding through services like SimpleX Chat, which is planning updates for large group functionality this year.
Meanwhile, Qubic-related activity is contributing to Monero’s mining demand. As noted by Cybergots, over 20 XMR have been mined in connection with Qubic’s operations, signaling renewed interest in the token’s utility within decentralized projects.
$Qubic is mining like there is no tomorrow.
— Qubic_Vision (@Cybergots) May 24, 2025
few days ago we celebrated 1 block.
Currently we have 33 blocks ⛏️⛏️
Over 20 $XMR mined, worth over $8000 🚀🚀$Qubic is shaking the conventional beliefs. Stay tuned 🔥🔥 pic.twitter.com/qRx6ME8tMe
Supply Constraints and Market Sentiment
Monero’s fixed supply model has also contributed to price momentum. Several community voices have highlighted that there are fewer XMR coins in circulation than Bitcoin, which may add to scarcity-driven demand.
On-chain data also shows that Monero is being increasingly used in niche sectors, such as decentralized commerce and encrypted messaging. The “Monero Bro Cult,” as described in tweets, is growing rapidly and contributing to a sense of exclusivity around the token.
As broader crypto markets eye privacy-focused projects again, Monero price structure and surrounding ecosystem developments suggest that it remains a key asset to watch in the coming weeks.
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