Monero (XMR) is leading the crypto market today while most others are finding it difficult to keep their ground. As of now, the XMR price is seen trading close to $431, an increase of about 6% within the day, with their trade volume having increased over 13%, indicating that this is not a superficial market situation.
The rally did not come out of nowhere. A mix of derivatives access, renewed privacy demand, and steady network improvements are all feeding into today’s price action.
Perpetual trading gave Monero a fresh spark. With XMR perpetual swaps now live on Hyperliquid, traders can bet on price without needing spot access. That matters for an asset pushed off many major exchanges. As soon as trading opened, volumes began to increase, and it’s evident that there was interest all along in trading XMR.
They can choke off the spot ramps, but they can't stop the price discovery.$XMR Perpetual Swaps (Perp) are now live on @HyperliquidX via a permissionless HIP-3 deployment.
— CyberSatoshi 𓆙 (@XBToshi) December 16, 2025
Even when the underlying asset is deemed "untouchable" by compliance desks, the market finds a way to… pic.twitter.com/cCv4zAWeZg
This rally happened at a time when the price of Bitcoin was moving towards $85,000. In such scenarios, the focus usually gets diverted towards the privacy coins.
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The significance of Monero being a fungible and privacy-focused asset leads to investment inflows whenever concerns on the subject matter arise again. The observed volume increase indicates that traders did move into XMR.
On the fundamentals side, Monero keeps moving quietly. The latest network upgrade improved efficiency and privacy, and adoption continues through VPNs and privacy-focused services. These updates do not generate hype, but they help explain why demand returns quickly when the market turns uncertain.
What the Monero Chart and Indicators Are Showing
The chart supports the move. The XMR Price has been grinding higher with higher lows, and the latest push broke above short-term resistance. Momentum indicators are leaning bullish without flashing exhaustion.
RSI is elevated but not stretched, which suggests buyers are active but not yet chasing. Trend indicators show strengthening direction rather than a single spike. Volume confirmation adds weight to the move, signaling that this rally has participation behind it.
As long as price holds above recent breakout levels, the structure remains constructive. A failure to hold would shift the tone quickly, but for now, buyers remain in control.
What Comes Next for XMR?
Today’s move is not about a sudden change in Monero identity. It is about access, relevance, and timing.
The launch of perpetual trading gives the market a new way to interact with XMR. Privacy demand is rising again as risk sentiment weakens. Network upgrades continue to do their job quietly.
That alone is enough to account for the fact that the Monero price is outperforming today. Whether or not this becomes a trend is a function of market conditions at this point and how much follow-through is given this level of volume. For now, the signpost is distinct. Monero is still being traded, still in use, and still on everyone’s radar.
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