Monero Is Looking for a Strong Upside
Monero (XMR) is adding 1.1% to $313.80 this week, slightly outperforming the broader crypto market, where Bitcoin (BTC) is trading neutral at $107,566. The token had dropped below key support at $325.00 in June during heightened geopolitical tensions following U.S. strikes on Iranian nuclear facilities. Prices bottomed at $288.40 — the lowest level since May 8 — before rebounding to $323.25 on Sunday amid signs of Middle East de-escalation. A continued recovery could see Monero reclaim the $325.00 level.
Additionally, following the termination of U.S. sanctions against Tornado Cash, speculation is mounting that XMR could be relisted on major crypto exchanges. If this scenario unfolds, prices could surge above $375.00 per token, driven by renewed demand and restored access.
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