Monero (XMR) is up 2.0% this week to $341, outperforming the broader crypto market, where Bitcoin (BTC) is down 0.7% to $103,450. XMR is benefiting from the overall positive market sentiment driven by the progress in U.S.–China trade negotiations, which has lifted risk assets across the board. Privacy-focused tokens like Monero have gained further traction following a recent legal victory that effectively safeguarded their status and ability to operate, placing XMR in a stronger position within the market.

The token surged by 41% to $324.9 on April 27 amid speculation that a large cryptowallet containing 3,250 BTC — approximately $330 million — had been compromised and the funds converted into XMR. Although a brief pullback followed that sharp rally, Monero’s continued rise suggests growing demand for privacy and anonymity in digital transactions. This narrative is helping sustain upward momentum in XMR, as investors increasingly seek alternative assets that prioritise user confidentiality.