Monero (XMR) Hits a New ATH: Further Pump or Collapse Coming?

XMR is now the 18th largest cryptocurrency with a market cap of over $10.6 billion.

The price hit a new all-time high and many analysts believe the rally is far from over.

How much more?

Just a few hours ago, the popular privacy coin hit a new all-time high of almost $600, losing some momentum soon after and currently trading around $577 (according to CoinGecko data).

XMR’s market cap rose above $10.5 billion, making it the 18th largest cryptocurrency and the undisputed leader in its niche. Zcash (ZEC), which has had its brightest moments in recent months, is in second place with a capitalization of around $6.5 billion.

Logically, the new peak caused numerous industry participants to shift their focus to the assets. Some praised the record as a major achievement, as this is despite XMR delisting from multiple exchanges in the past. One of these is Binance, which ended all services with the token in early 2024.

X user il Capo from Crypto told their nearly one million followers that XMR, like gold and silver, may experience short-term corrections, but expect it to rise much higher.

George predicted an increase to the $800-$900 range “sooner than most think,” while Greeny in mind a pump costing over $1,000. X-user Kazi appears to be the biggest optimist, to predict a rather unrealistic (at least at this point) jump to $10,000. For such a rise, XMR’s market cap would need to reach around $185 billion, almost equal to Tether’s stablecoin USDT.

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Retreat on the horizon?

History shows that in many cases, XMR’s spikes to record highs were quickly followed by painful corrections. In May 2021, the price exploded above $500, but just a few days later it fell below $200. A similar pattern 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 the latest price changes and is used by traders to spot possible trend reversals. It ranges from 0 to 100, and ratios above 70 indicate 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 is around 78.