NewsBTC

3 June 2025

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Monero (XMR) Surges 11.5% to Reclaim $360 Support

Monero (XMR) has increased by 11.5% in the last 24 hours, reclaiming the $360 support level for the first time in a week. Analysts suggest that maintaining this range could lead to another test of the historical $420 resistance.

Key Developments

• XMR surged 11.5% on Monday, breaking a seven-day downtrend.
• The token has risen 66% over the past month and a half, moving from $220 to current levels.
• A suspicious transfer of 3,520 BTC, valued at approximately $330.7 million, reportedly fueled the surge.
• Despite a 21% retracement in the past week, XMR has bounced back, nearing $370 resistance.
• Analysts highlight the importance of holding the $310-$345 range for continued upward momentum.
• Historically, Monero's price action suggests potential difficulties in breaking above $422 resistance.

Currently, Monero is trading at $366, reflecting a 32.2% increase over the past month.