Key notes
- Monero (XMR) Price won 7% on Sunday, August 17, bouncing over $ 260 after the failure of the 51% of Qubic attack.
- The Kraken suspension of XMR deposits sparked a 19% sale of panic focused earlier in the week, but the network remained operational and secure.
- The community response during the weekend has strengthened the decentralization of Monero, improving the hash distribution.
Behind the weekend rally of 14% of ChainLink (Link), Monero became the second best performer among the first 30 classified cryptocurrencies, winning 7% intraday on Sunday August 17, to cross the $ 260 mark.
This resumption follows a controversy of the major network, which saw the XMR price plunge almost 19% between August 12 and August 15, after centralized Kraken exchanges are interrupted the monero deposits in response to the social networks allegations of a control of the network.
Monero seems to be in the middle of a successful attack of 51%.
Blockchain focused on privacy, launched in 2014 and long -been targeted by governments and agencies of 3 letters, is already prohibited from the most important centralized exchanges.
The Qubic mining pool has been gathered from the hashrate since …
– Charles Guillemet (@ p3b7_) August 12, 2025
The controversy began when the mining company Qubic was accused of having executed a 51% attack against the Monero network, to arouse fears of centralization and to cause an exchange panic. While the concerns were spread over the weekend, the contributor to the Smart Degen community, reprimanded Kraken’s decision to suspend exchanges and deposits, suggesting that he was more based on the panic of the media than the fragiles of blockchain identified.
💣 $ XMR Was sentenced to death this week – but something incredible has happened instead
$ 300 million project VS Network of $ 8 billion. Government ban. Delimitation exchange.
Here is how Monero became united 🧵👇 pic.twitter.com/wwstt6i6wi
– Smart Degen (@smartsdegen) August 17, 2025
The analyst stressed that the Monero network continued to operate normally throughout the incident, without the two expenses or the security violations being recorded.
What is the following for Monero after attacking the network?
Following the coordinated efforts of the MONERO minors community, the attack was reversed with the distribution of hashrate through the mining pools improving as the adoption of P2Pool has increased.
At the time of the press, the Monero network remains stable, without recorded losses of the attempted attack. The community coordination mechanisms that have emerged from this incident are considered a key step to protect the network from future attacks.
For the action of the XMR price, the restored confidence of the network has fueled the 7%weekend rally, distinguishing Monero from the wider weakness of the market. While the lateral consolidation of Bitcoin in the range of $ 116,000 at $ 118,000 anchored most of the lower Altcoins during the weekend, the XMR rebound highlights the confidence of renewed investors as controversy surrounding the Qubic 51% attack is damaged.
XMR price forecast: Bulls Eye $ 280, but $ 250 of critical support
Technical analysis shows that Monero Price bounced strongly compared to the stockings of last week almost $ 230, earning more than 19% in the last 48 hours to retest the resistance zone of $ 280. Furthermore, recovery coincides with the RSI rebound from levels of occurrence nearly 31, now a trend around 46, which suggests that the bullish momentum could extend if the XMR trading volumes remain high.
Immediate resistance to XMR prices is at $ 280, where profit taking could trigger a consolidation. An escape above this level opens the door to a psychological resistance of $ 300, with an additional advantage around $ 320 if the wider feeling of the market improves.
Monero price forecasts (XMR) | TradingView XMRUSD 24h graphic
Lowering, the $ 250 zone remains the short -term critical support to monitor, lining up with the Mobile average 20 days from Monero. Failure to comply with this area could see the prices revisiting the region of $ 230, especially if the regulatory securities or renewed exchange restrictions relaunch.
With the volume of negotiations on the rebound and the restored confidence in the stability of the network, the bulls have resumed short -term control. However, lukewarm feeling on the wider market of cryptography is still a major threat that could increase upwards.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but must not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Ibrahim Ajibade is a seasoned research analyst with training by supporting various web3 and financial organizations. He obtained his undergraduate diploma in economics and is currently studying for a master’s degree in blockchain and distributed major book technologies at the University of Malta.
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