- Monero ($XMR) shows a strong recovery after a 75% drop in 2023, with a potential 75% upside to $484.44 in the coming weeks.
- A suspicious Bitcoin transfer of $330.7M laundered into XMR triggered a price spike, adding volatility and market momentum.
- Monero’s privacy features, boosted by rising demand and technical strength, drive its continued surge above key resistance levels.
The value of Monero ($XMR) has increased; as of this writing on April 28, 2025, it has increased by 18.33% to $272.78. A post-breakout trend is being built upon by the privacy-focused cryptocurrency. With a target of $484.44, XMR could see another 75% upside. This upward movement follows a major price spike and suggests further growth potential.
Monero’s Consistent Recovery
According to Crypto analyst Javon Marks, Monero’s recent run-up is following an extended recovery after a long bear market from the mid-2021 downtrend. During this bear cycle, the XMR price dropped by more than 75% to lows of about $100 in late 2023. The cryptocurrency has had a steady rebound since early 2024, though, with higher highs and higher lows. July 2024 marked the turning point at which XMR began its turning-point climb, paving the path for a robust price surge in April 2025.
Technical analysis shows that Monero has crossed key levels of resistance. The price is making its way with more strength to its all-time resistance level of $484.44, which is the peak of its 2021 price action. Secondly, the rally that is unfolding has gained momentum, as can be seen from the high trading volumes. These parameters show that Monero is going to gain even more in the coming few weeks.
Suspicious Activity Spurs Monero Price Spike
In a surprising twist, recent transactions involving Bitcoin have added to the price surge. Nine hours ago, a suspicious transfer of 3520 BTC, worth approximately $330.7 million, moved to an address linked to theft, according to Zachxbt. These funds were then laundered via multiple instant exchanges and swapped for XMR, causing an immediate price spike. Experts suggest that the size and movement of the transaction are indicative of theft, likely involving a longtime Bitcoin holder.
This event has added to the volatility surrounding Monero, which is known for its privacy features. Hence, the transaction’s impact on the market is significant. Monero’s recent price action underscores its renewed relevance and growing market interest, particularly as it continues to break above previous resistance levels.
