XMR pushes higher with strong RSI and CMF readings | Credit: Hameem Sarwar
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Key Takeaways
Monero’s price has rallied strongly, up over 18% in the past week.
Bullish momentum supports a potential break above $500 in the near future.
Sustained inflows could push XMR toward higher 2026 targets.
Monero (XMR) continues to display relative strength, extending its recovery as buyers retain control across multiple timeframes.
The privacy-focused cryptocurrency has rallied in recent weeks, climbing from the mid-$380 region toward the $500 area, where price is now testing prior highs.
At the time of writing, the XMR coin is up more than 18% over the past seven days.
The rally has forced sellers to step aside, shifting market structure in favor of the bulls.
As it stands, it appears that Monero could extend these gains into 2026. Here is why.
Monero Eyes Break Above Key Resistance
On the 4-hour chart, momentum indicators remain aligned with the prevailing uptrend.
The Awesome Oscillator (AO) sits at 28.12 and continues to print extended green histogram bars above the zero line, signaling sustained upside momentum with no immediate signs of exhaustion.
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The Moving Average Convergence Divergence (MACD) supports this view, as it formed a bullish crossover.
The 12-day EMA remains above the 26-day EMA, while the histogram continues to expand in positive territory — an alignment that typically reflects trend continuation rather than reversal.
From a price-structure standpoint, the XMR coin is consolidating just below the $500 psychological level, an area that has capped upside attempts on multiple occasions.
However, it is worth noting that bulls are defending the $362.09 support. In the process, XMR’s price has breached the $397.94 resistance, with the coin aiming to breach $497.67.
If the cryptocurrency closes above this threshold, it would likely strengthen the bullish case and open the door to further uptrend.
The Relative Strength Index (RSI) adds to the setup. After briefly touching overbought territory near 70, the indicator has cooled to 67.94
This suggests that momentum remains strong but less stretched. Furthermore, the reset reduces the immediate risk of a sharp correction while keeping the broader uptrend intact.
As long as RSI holds above the 50 midpoint, the bullish structure remains valid.
A sustained drop below that level would signal waning demand and raise the probability of a deeper retracement for XMR’s price.
Fibonacci levels provide additional context. As seen below, XMR’s price currently trades around $471.56, pressing toward the upper boundary of its Fib range near $502.92.
A breakout and daily close above this level would confirm strength and validate continuation toward new multi-month highs.
However, failing to hold momentum near resistance could trigger a short-term pullback, with the 0.768 Fibonacci level, around $444.19, acting as the next area of interest.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
