Monero (XMR) Price Extends Bullish Trend — Could $800 Follow?

Monero (XMR) has continued its strong recovery from the late-June low near $300, more than doubling in value as buyers gradually pushed the price higher. The latest move has carried XMR above the previous daily high around $630, extending the broader upward trend.

With XMR now trading near $635, attention is shifting toward whether the breakout can hold and develop into another move higher. The newly formed support area below the current price could play an important role in determining whether buyers maintain control.

Monero (XMR) technical analysis

XMRUSD - 1 Day Time Frame

Monero’s bullish structure has developed through a sequence of strong advances followed by corrective pullbacks. Earlier price reactions established important structural lows around $480 and $515, while buyers continued to push the market toward higher levels.

The latest move above $630 extends this sequence of higher highs and higher lows. Price has so far remained above the previous high, suggesting that bullish momentum remains strong on the daily timeframe. The recent expansion has also created a new support zone between approximately $615 and $625. This area now represents the nearest technical reference for the current bullish structure.

A potential pullback toward this zone could attract renewed buyer interest. Holding above the area may help preserve the breakout structure, while a sustained daily close below its lower boundary could indicate weakening short-term momentum. The deeper structural supports around $515 and $480 remain considerably below the current market, reflecting the strength of the preceding advance.

Monero (XMR) price target

Before reaching the larger upside targets, XMR first faces nearby resistance around $650–$660, where recent local highs are positioned. A sustained move above this area could strengthen the bullish structure and bring the first major Buy-Side Liquidity target around $720 into focus.

Further liquidity is positioned near $755, followed by the highest marked target around $800. These levels could become relevant if XMR continues to build bullish momentum and extends the current breakout.

For now, the $615–$625 support zone remains the key area to monitor. Continued strength above this region could support further upside toward $650–$660, followed by $720, $755, and potentially $800 if momentum continues to strengthen.

Conversely, a sustained move below the newly formed support zone could weaken the short-term breakout structure and shift attention toward the deeper support levels below.

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