Monero Hits Record High Amid Privacy Coin Rally

According to data from CoinGecko, Monero’s price tapped a fresh historical peak of almost $600 in the past 24 hours before settling around $577. This milestone is particularly significant given the headwinds the asset has faced, most notably its delisting from several major exchanges, including Binance, which terminated all services for the token at the start of 2024. Despite this regulatory and operational friction, XMR’s market cap soared beyond $10.5 billion, cementing its position as the 18th-largest cryptocurrency and the undisputed leader in the privacy-focused niche.

The rally has dramatically widened the gap between Monero and its closest competitor, Zcash (ZEC). While ZEC has had its own moments in the spotlight in recent months, its market capitalization of approximately $6.5 billion now sits significantly below XMR’s, underscoring Monero’s dominant market position. The new peak has logically shifted industry focus toward the asset, with many participants praising the achievement as a testament to its resilient underlying demand and community support.

The record-breaking price action has spawned a wide range of predictions from crypto analysts. On social media platform X, user il Capo of Crypto told their nearly one million followers that, similar to precious metals like gold and silver, XMR may experience short-term corrections but is expected to climb much higher in the long run. Other commentators have offered more specific targets. Analysts referred to as George and Greeny predicted ascents toward the $800-$900 range and above $1,000, respectively.

However, the most speculative outlook comes from X user Kazi, who forecasted a jump to $10,000. As noted in the source analysis, such a price would require Monero’s market capitalization to reach approximately $185 billion—a figure nearly equal to the entire market cap of the stablecoin giant Tether (USDT). This target is widely viewed as unrealistic in the near term, highlighting the extreme optimism fueling parts of the market.

This bullish sentiment is directly challenged by technical indicators. The Relative Strength Index (RSI), a tool that measures the speed and magnitude of price changes to identify potential overbought or oversold conditions, currently stands at roughly 78 for XMR. An RSI above 70 typically signals that an asset is overbought and may be due for a pullback. This reading suggests that despite the euphoria, the rally may be running on overheated momentum.

History provides a cautionary tale for Monero investors. The source text notes that past spikes to record highs have often been followed by painful corrections. For instance, in May 2021, XMR’s price exploded above $500 only to crash below $200 just a few days later. A similar pattern was observed in the spring of 2025. This volatility is a hallmark of the cryptocurrency’s price action, reminding market participants that rapid gains can be swiftly erased.

The current technical and historical context presents a complex picture for Monero. On one hand, it has achieved a major milestone against significant odds, fueling predictions of a continued privacy coin rally. On the other, the overbought RSI and a historical tendency for sharp pullbacks after new highs raise legitimate concerns about a near-term collapse. Traders and investors are now left to weigh resilient fundamental demand against the very real risks of a technical correction. The path forward for XMR will likely be determined by whether bullish conviction can withstand the selling pressure that typically follows such an extreme overbought signal.