NewsBTC
Jan 13, 2026
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Monero Reaches $611 All-Time High, Anticipates Silver-Like Price Rally

Monero (XMR) has broken through a macro resistance level, surpassing $600 for the first time, and is leading the crypto market rally.

Key Highlights:

  • Monero surged nearly 21%, reaching a new all-time high of $611.01, with a 43% increase over seven days.
  • Renewed interest in privacy tokens has pushed Monero's market capitalization to $10 billion.
  • Trader Peter Brandt suggests XMR could see a massive breakout, similar to silver's historical price surge.
  • XMR has formed a multi-year ascending trendline since 2017, with recent developments indicating potential further gains.

Future Projections:

  • TraderSZ sees potential for XMR to reach $685, with possible surges between 50% and 80% toward $790 and $900.
  • Analyst 0xMarioNawfal notes strong momentum with no signs of distribution, suggesting continued bullishness if support holds.

Potential Risks:

  • Ali Martinez warns of a multi-year rising wedge pattern that could lead to a 50% decline if resistance isn't turned into support.

Currently, Monero trades at $597, marking a 47.5% increase this month.