Monero (XMR) Price Soars to Record High of $798 Amid Rising Demand for Privacy Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 16 2026

XMR-1.53%

H+12.82%

HYPE+5.15%

Should l Buy XMR?

Price Surge: On January 15, XMR's price skyrocketed to $798, marking a 713% increase from its lowest point in 2023, with a market capitalization exceeding $12 billion, making it the 12th largest cryptocurrency, reflecting strong demand for privacy tokens.
Futures Market Activity: XMR's futures open interest reached a record high of over $275 million, while its 24-hour trading volume hit $465 million, indicating sustained investor interest in privacy tokens that could drive future price increases.
Technical Analysis: XMR has formed a cup-and-handle pattern with a depth of approximately 85%, breaking through the key resistance level of $517, with a target price of $965, and reaching the psychological level of $1,000 would further bolster market confidence.
Exchange Listing Impact: The listing of XMR on the Hyperliquid platform, allowing traders to leverage up to 5x, attracted significant trades, further propelling XMR's price increase and demonstrating strong market confidence in privacy tokens.

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Technical Analysis for XMR

Technical Sentiment Analysis for Monero (XMR) As of , Monero (XMR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Monero (XMR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	32.983	154.632	257.303	378.952	481.623	603.272	705.943
Fibonacci	154.632	240.322	293.261	378.952	464.642	517.581	603.272

About XMR

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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