The Monero price is up more than 8% and trading around $513.52, with trading volume up roughly 200%, making XMR the second-biggest gainer in the market today and biggest last week (around 22% pump).
The move comes after a strong August run that took Monero from around $380 to above $500. One of Monero’s strongest fundamentals is also becoming more relevant: its tail emission.
The network creates 0.6 XMR every two minutes, or about 432 XMR per day. Against a circulating supply of roughly 18.8 million XMR, that works out to less than 0.9% annual issuance, with the rate declining as supply expands. With fresh liquidity catalysts and a bullish chart, here is where the XMR price could go in September.
What you'll learn 👉
Why Is Monero Price Pumping Today?
One of the biggest catalysts behind the latest XMR price move is THORChain’s v3.20 upgrade, which introduced infrastructure for native Monero swaps alongside Zcash. The upgrade is designed to allow XMR to interact directly with BTC, ETH and stablecoins without wrapped tokens or centralized custody.
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This matters because Monero has faced restrictions and delistings across centralized exchanges. A native, self-custodial route gives XMR holders another way to move between Monero and major crypto assets.
There is one important caveat: THORChain said on August 27 that the launch of XMR and ZEC trading was delayed for roughly one to two weeks as the network prioritized stability. So the market is pricing in the importance of the integration, but traders should watch the actual activation and liquidity before treating it as fully operational.
Also, Monero is moving up because more people are turning to coins that offer privacy. Zcash is climbing too, so XMR isn’t alone in this.
Trading activity has picked up a lot. On August 20, Monero sat at $410.22. By August 28, it had climbed to $471.94, that’s about a 15% increase.
Then there’s Dexsport. They added Monero to their multi-coin cashier in August. That gives XMR another real-world use, something beyond just buying and holding.
What Is the Monero Chart Showing?
We had a look at the chart, and the structure is clearly bullish. The price has climbed from roughly $380 on August 10 to $514.75, meaning the move has delivered a gain of around 35% in three weeks.
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The last candle pushed up to $516.77, and now it’s trading around $514.75. But the bigger deal is this: the XMR price finally broke through that $470–$480 ceiling that stopped it multiple times before. That old ceiling can now turn into the first floor of support.
The momentum gauge is running hot, around 80.92, with the signal line at 60.19. Anything above 80 usually means things are getting a little too heated. That doesn’t mean the rally has to stop dead, but after a move this fast, you’d expect some sideways action or a pause.
Looking up, $520–$527 is the next wall. If the Monero price clears that cleanly, $540 comes into view, and then the big round number at $550. On the downside, $500 is the first safety net. Below that, $490, then $480, and finally $470.
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Where Could Monero (XMR) Price Go in September?
If things go right:
Monero holds above $500 and pushes past $520–$527. If trading stays busy and the THORChain integration happens on schedule, we could see $550–$580. And if that bigger move into privacy coins keeps going, $600 isn’t out of the question.
The middle ground:
The Monero price already ran up 35% in August. So maybe it takes a breather between $480 and $550 before trying for new highs again. In that case, $540–$550 looks like a reasonable target for September.
If things go wrong:
Losing $500 and not getting it back would be a bad sign. That could drop the XMR price to $480–$470, and if it really breaks down, maybe $450. The overall bullish picture stays okay as long as it holds above that zone. But if $450 gives way, September gets a lot harder.
However, keep your eyes on $500 as support and $520–$527 as resistance. If Monero clears that upper barrier, we’re probably looking at $550–$600 tests throughout September.
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