Monero is having a huge day. The XMR price jumped almost 20%, climbing to around $430.99, and it’s now the top gainer in the entire market. Trading volume also surged more than 46%, showing this move has real momentum behind it.
What caught most traders off guard was the speed of the breakout. XMR printed a massive 25% “god candle” on the chart, and as analyst Ardi pointed out, everyone is now trying to figure out whether this is just money rotating out of Zcash – or the start of a bigger privacy-coin trend.
With sentiment heating up again, let’s break down what’s actually pushing the Monero price higher.
What you'll learn 👉
Why the Monero Price Is Pumping Today
One of the biggest drivers right now is the renewed interest in privacy coins. Zcash went on a crazy run recently, gaining more than 200% in just a month and briefly overtaking Monero by market cap.
That move pushed the entire sector into the spotlight, and Santiment even listed privacy coins as one of the most talked-about categories this week.
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Once the ZEC price rally started to cool down, traders began rotating profits into XMR as the next privacy play. Big voices like Arthur Hayes talking about ZEC also helped bring attention to the whole category, giving Monero a momentum boost at the perfect time.
But it’s not just hype. Monero also rolled out a major upgrade in early October. The Flourine Fermi update added new protections against “spy nodes,” which are used to analyze transactions and break user privacy.
Strengthening this part of the network directly reinforces Monero’s core use case, especially now when crypto privacy is under heavier regulatory pressure.
There’s even an active proposal to block known spy nodes by IP, showing the community is staying ahead of potential threats. For privacy-focused investors, these upgrades make Monero look like the safest and most battle-tested project in the space right now.
A detailed account of the first testnet (alpha stressnet) for Full-Chain Membership Proofs (FCMP++) and CARROT can be found below ⬇️https://t.co/t93OknwgSh
— Monero (XMR) (@monero) November 7, 2025
What the XMR Chart Is Showing
The Monero chart finally looks alive after months of slow movement. The XMR price spent a long time stuck between $280 and $380, but today’s breakout sliced straight through that range and pushed into the $430+ area with ease. The volume spike confirms that this wasn’t a random wick – real buyers stepped in aggressively.
Every attempt to break above $400 since July failed, but this time the candle blasted through it without hesitation. If Monero can hold that level as support, it completely changes the structure of the chart and signals that buyers are now in control.
Monero Outlook: Rotation or the Start of a Privacy Meta?
So is this just a rotation from ZEC, or something bigger?
There’s a strong case for both. ZEC went vertical, so it makes sense that traders are taking profits and moving into XMR while the sector is hot.
But this rally also lines up with Monero’s biggest security upgrade of the year, which adds a fundamental reason for people to rotate back in.
If the privacy narrative keeps spreading, the Monero price could easily try to push toward the $470–$500 region next – especially if it holds above $400. But privacy coins are known for violent swings, so traders should expect sharp moves in both directions.
For now, Monero has one of the strongest charts in the market and a clear story behind the pump. And today’s breakout suggests there may be more left in this move.
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