Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance

Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance


Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance.

Monero Bounces From Range Lows

Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend.

Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end

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