Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge
  • Analysis
  • News

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
Monero XMR Highlight_simple_compose

Monero (XMR), the leading privacy-focused cryptocurrency, is showing renewed bullish momentum as it approaches a critical resistance level at $420. A successful breakout above this threshold could set the stage for a rally toward the $500 mark, a level not seen since its all-time high in early 2018.

Recent on-chain data reveals a significant uptick in Monero’s exchange outflows, totaling $8.9 million last week—the highest this year. Such outflows often suggest that investors are moving their holdings to self-custody, indicating confidence in the asset’s long-term value. Additionally, Monero’s funding rate has remained positive since mid-May, reflecting traders’ expectations of future price increases.

Also read: Monero Surpasses $400 Despite Delistings and Regulatory Pressure, Reclaims Top 25 Spot

Technical Analysis

Since February 2024, Monero has been on an upward trajectory, climbing from approximately $100.90 to its current price of around $366. The token remains above both the 50-day and 100-day Exponential Moving Averages, signaling sustained bullish momentum. Technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) also point to continued upward movement.

However, the $420 resistance level, representing the year’s high, poses a significant hurdle. A decisive move above this point would invalidate the existing double-top pattern with a neckline at $312 and could propel the price toward the $500 level. Conversely, a drop below $312 would challenge the current bullish outlook.

Monero’s resurgence is partly attributed to a favorable U.S. court ruling that overturned sanctions against Tornado Cash, a crypto mixer. This legal victory has bolstered confidence in privacy coins like Monero. Furthermore, Monero’s robust privacy features—such as ring signatures, stealth addresses, and ring confidential transactions—continue to make it a preferred choice for users seeking anonymity in their transactions.

Market Overview

As of June 3, 2025, Monero is trading at approximately $348.54, with a 24-hour trading volume of $103 million and a market capitalization of around $6.43 billion. The token has experienced a 25.67% increase over the past month, indicating strong investor interest. See the live price below.

Monero’s current price action suggests a potential breakout above the $420 resistance level. If achieved, this could pave the way for a rally toward $500, reaffirming Monero’s position as a leading privacy-centric cryptocurrency. Investors and traders should monitor key support and resistance levels closely to gauge the token’s next moves

Continue Reading

Previous: Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally
Next: XRP Breaks Resistance as Bulls Target $2.76 in Strong Rally

Related Stories

vECHAIN ON A HILL AT NIGHT
  • Analysis

VeChain Launches Renaissance Update to Revolutionize Its Blockchain

Sean Williams 5 June 2025
SUi
  • Analysis

Sui Faces Sell-Off Risk After SEC Postpones ETF Approval

Cal Evans 5 June 2025
XRP IMAGE
  • Analysis

XRP’s Role as a Strategic Hedge in a Tech-Focused Portfolio

Dennis Gatheca 5 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

vECHAIN ON A HILL AT NIGHT
  • Analysis

VeChain Launches Renaissance Update to Revolutionize Its Blockchain

Sean Williams 5 June 2025
SUi
  • Analysis

Sui Faces Sell-Off Risk After SEC Postpones ETF Approval

Cal Evans 5 June 2025
XRP IMAGE
  • Analysis

XRP’s Role as a Strategic Hedge in a Tech-Focused Portfolio

Dennis Gatheca 5 June 2025
Bitcoin Price chart in the background
  • Analysis

Bitcoin Drops Below $105K as Crypto Market Sinks Over 3%

Sean Williams 5 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok