XMR is now the 18th largest cryptocurrency with a market capitalization of over $10.6 billion.
The crypto market has seen significant movement over the past 24 hours, with Monero (XMR) becoming the best performing coin in the top 100 club.
Its price has reached a new all-time high and many analysts believe that the recovery is far from over.
How much more?
Just a few hours ago, the popular privacy coin hit a new all-time high of nearly $600, but shortly after, it lost some momentum and is currently trading at around $577 (according to CoinGecko data).
XMR’s market capitalization has surpassed $10.5 billion, making it the 18th largest cryptocurrency and the undisputed leader in its niche. Zcash (ZEC), which has had its bright moments in recent months, ranks second with a capitalization of around $6.5 billion.
Logically, the new peak has led many players in the sector to focus on this asset. Some have hailed this record as a major achievement, given that it comes despite XMR being delisted from several exchanges in the past. One of them is Binance, which ended all services with the token in early 2024.
User X, Il Capo de Crypto, told his nearly 1 million followers that like gold and silver,
George predicted a rise towards the $800-$900 range “sooner than most think,” while Greeny envisioned a rise above $1,000. User Such an increase would require XMR’s market capitalization to reach around $185 billion, almost the equivalent of Tether’s USDT stablecoin.
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Setback on the horizon?
History shows that, in many cases, XMR spikes to record highs have been quickly followed by painful corrections. In May 2021, the price exploded above $500, but a few days later it fell below $200. A similar trend was observed in spring 2025.
The asset’s relative strength index (RSI) supports the bearish scenario. The technical analysis tool measures the speed and magnitude of recent price movements and is used by traders to spot possible trend reversals. It ranges from 0 to 100 and ratios above 70 signal that XMR is overbought and due for a pullback. Conversely, anything below 30 is considered a buying opportunity. At the time of writing, the RSI stands at around 78.
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