Haciyev Reşit 
One of the most notable performances in the cryptocurrency market in recent days has come from Monero (XMR). The privacy-focused cryptocurrency has gained strong momentum in a short period, putting it firmly on investors’ radar. XMR has reached new all-time highs for the first time in eight years, sending a strong breakout signal to the market. So why is Monero rising, and is this move sustainable?
Monero (XMR) Price Achieves a Strong Breakout
As of January 2026, Monero’s price has risen by approximately 35% on a weekly basis, reaching the $570 range. With this surge, XMR tested new all-time highs for the first time since 2018. During the same period, Monero’s market capitalization climbed above $10.5 billion, placing the project back among the largest crypto assets. The sharp move seen on the charts points to a clear trend reversal following a long phase of sideways price action.
The Privacy Narrative Regains Strength
One of the main drivers behind Monero’s rally is the renewed interest in privacy-focused cryptocurrencies. At a time when global regulatory pressure is intensifying, users are placing greater importance on on-chain transaction privacy, boosting demand for XMR. In particular, technical and governance issues affecting alternative privacy projects have helped redirect capital toward Monero.
Monero’s limited presence on major centralized exchanges has also amplified price reactions amid rising demand. With most of the circulating supply already in the market and limited additional token issuance pressure, increasing demand can translate more directly into price appreciation. This supply dynamic has become a key factor supporting the rally.
What Do Derivatives Data and Technical Indicators Say?
In derivatives markets, a notable rise in open interest has been observed, suggesting that the rally is not driven solely by spot purchases and that fresh capital continues to enter the market.
From a technical perspective:
- MACD and moving averages support a strong uptrend
- RSI is approaching the overbought zone but has not yet produced a clear bearish signal
- Sustained price action above $550 suggests that the $600 level could come into focus in the short term
Overall, Monero’s recent move reflects a combination of a strengthening privacy narrative, favorable supply dynamics, and supportive technical signals, all of which are contributing to its standout performance in the current market environment.
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