\n\t\t\t\t\t\t\t\t\tXMR flipped ADA and is now the 16th-biggest cryptocurrency.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
It is quite challenging to spot a cryptocurrency whose price has jumped by double digits over the past seven days, with Monero (XMR) among the few exceptions.<\/p>\n
Following the green wave, many market observers have become optimistic, expecting additional gains.<\/p>\n
Just the Beginning?<\/h2>\n
XMR has crossed $400, currently trading at around $404 (according to CoinGecko), representing a 13% weekly increase. Its market capitalization has exceeded $7.5 billion, making it the 16th-largest cryptocurrency after overtaking Cardano\u2019s ADA.<\/p>\n The exact catalyst for the resurgence remains rather unclear, yet certain analysts spotted the formation of bullish patterns that could support a more sustainable uptrend.\u00a0Several days ago, X user The Moon Show claimed<\/a> that XMR might be carving out a massive cup-and-handle structure.<\/p>\n \u201cI\u2019m watching for a clean handle followed by a breakout above $430. If that happens, things could move very fast,\u201d they said.<\/p>\n<\/blockquote>\n For their part, Lucky (an X user with almost two million followers) described<\/a> the move north as a \u201cspecial breakout from a special privacy gem.\u201d The analyst argued that it has entered the bullish trend, projecting a pump to almost $600.<\/p>\n Crypto With Gopal appears to be the biggest optimist. He opined<\/a> that XMR has formed a massive triangle pattern, with the price consolidating near $400 after a strong recovery, as rising support and descending resistance squeeze momentum.<\/p>\n \u201cBulls are holding the range as a major breakout setup develops. A clean breakout above the upper trendline could trigger a major expansion move toward the $1,000 target,\u201d he forecasted.<\/p>\n<\/blockquote>\n It is worth mentioning that, based on two important factors, XMR\u2019s rally could be abruptly replaced by a short-term pullback. The first is the asset\u2019s Relative Strength Index (RSI), which measures the speed and magnitude of recent price changes to give traders an idea about possible trend reversals.<\/p>\n It ranges from 0 to 100, where anything above 70 means that the coin has entered overbought territory and could be due for a correction. In contrast, ratios below 30 are typically interpreted as buying opportunities. As of now, the RSI stands at around 77.<\/p>\n The second element is XMR\u2019s exchange netflow. In the past few months, inflows have dominated outflows, signaling that investors have abandoned self-custody and flocked to centralized platforms. This, in turn, increases immediate selling pressure.<\/p>\n\n
\n
The Bearish Signals<\/h2>\n
![\"XMR](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/08\/XMR-Price-.png\")