Monero (XMR) is on fire today. The XMR price surged past $400 and became the top gainer in the entire market, catching a lot of traders off guard. And the timing is interesting.
As Jake Browatzke pointed out, governments have spent years delisting Monero from exchanges and even banning it in parts of Europe.
Instead of killing demand, it may have accidentally turned XMR into one of the most uncorrelated and independent assets in crypto, and now the market is reacting.
It turns out that by delisting $XMR from every exchange and banning it in the EU, governments have actually created the perfect uncorallated asset
— Jake Browatzke 🔻 (@jakebrowatzke) November 22, 2025
Monero is the only crypto that does not rely on exchange liquidity, and almost no one can buy on margin 🙏🚀 pic.twitter.com/McGzYkCqyj
What you'll learn 👉
Why Monero Price Is Pumping Today
The rally really began once XMR pushed cleanly through the big $400 resistance level. That price area blocked progress several times in the past, but this time buyers powered straight through it.
With no margin trading, limited exchange exposure, and growing demand for private transfers, the XMR price action is being driven mostly by spot buyers, not leverage or hype.
Many analysts believe delisting removed short-term speculation but strengthened long-term ownership.
Since most XMR is held in self-custody and trades peer-to-peer, it behaves differently from the rest of the market. When buyers show up, there simply isn’t much liquidity to absorb them, and rallies can move fast.
What the XMR Chart Is Showing
Top analyst Spicy chart tells a simple story, the Monero price didn’t just break resistance, it crushed every major level on the way up.
After reclaiming $400, price continued climbing with barely any hesitation. The trend looks clean, orderly, and controlled.
There isn’t much visible resistance until the $450–$480 zone, which gives the XMR price room to keep running if momentum stays strong.
Volume also confirms strength. Each leg higher has been supported by increased participation, not random spikes. That means this move wasn’t just a single whale push, the market showed up.
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XMR Price Outlook
If Monero keeps this pace, traders will watch for a test of $450 first. Above that, the next psychological milestone sits around $500.
But if the rally cools, $400 becomes the level bulls need to defend. Losing it wouldn’t end the trend, but it would slow things down.
Right now, though, the Monero (XMR) price doesn’t look tired. Momentum is strong, resistance is limited, and narrative demand is building. In a market full of correlated price swings, Monero is doing its own thing, and today, that’s paying off.
Governments tried to stop it. Instead, they may have helped create one of the strongest price breakouts of the year.
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