Monero has quietly turned into one of the more interesting charts in the market right now. While a lot of altcoins are still stuck moving sideways, the XMR price has been building real momentum.
It broke out of a long downtrend, flipped structure, and suddenly traders are talking about something we haven’t heard in a long time, a potential run toward the $1000 level.
One of the first people to say it publicly was analyst Donald Trades. He didn’t need a long thread. He simply wrote, “$XMR $1000 soon,” and that alone captured what many traders are starting to see on the chart.
What you'll learn 👉
A XMR Breakout That Changes Everything
When you look at the first chart shared by Donald Trades, the story becomes pretty clear. Monero spent months stuck inside a big descending channel.
Every bounce eventually rolled over until early November, when the XMR price finally pushed through the top of that channel and didn’t look back.
That breakout happened with real strength. The price moved straight into a series of higher highs and higher lows, which is exactly the kind of structure shift traders wait for.
After the initial surge toward the mid $400s, XMR cooled down a bit, but the broader direction is still intact. The projection on the chart even shows a natural pullback followed by another leg higher, exactly how healthy trends usually behave.
This isn’t a random spike. It looks like the beginning of a new phase for Monero.
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OBV Tells an Even Better Story for Monero
The second chart from IncomeSharks adds another piece of the puzzle. They pointed out something simple: “XMR – Objectively OBV still looks really good. Nice bullish uptrend.”
And they’re right. OBV broke out before price did, which is almost always a sign that bigger money started accumulating early.
You can see the long red downtrend channel on OBV, followed by a clean breakout into a rising green channel in October. That shift usually means one thing, demand is returning.
Now, OBV and the XMR price are moving in the same direction. That’s exactly the kind of alignment traders want to see when calling the start of a larger trend.
Why the $1,000 XMR Target Doesn’t Sound Crazy
With the downtrend gone and OBV strengthening, you suddenly get a much clearer picture of where the Monero price could go next.
The breakout structure points toward the upper $400s as the next short-term destination, and if XMR holds that level on a retest, the chart opens up in a big way.
That’s where the $1000 conversations start to make more sense. It’s not just hype, the technical foundation is finally there. Monero spent most of this year building a long base, and now it finally has a chance to expand from it.
If the XMR price keeps following the same path and OBV stays in its rising channel, XMR won’t need a miracle to push much higher. It will simply keep doing what the trend is already telling us.
For the first time in a long time, the chart actually supports the idea that Monero’s next big move could be a lot more impressive than most people expect.
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