Monero Price Prediction – XMR Could Rally to $700 as Support Holds

Highlights:

• Monero has bounced off the $501.61 support level
• A rally off this support could put the $711.46 resistance in focus
• Growing demand for privacy in finance continues to draw investors to Monero

Monero (XMR) is in the green on a day that most cryptocurrencies are in the red. At the time of writing, Monero was trading at $527.75, up by 3.53% in the day. However, Monero’s trading volumes have dropped sharply during the day. They currently stand at $103.5 million, down by 35.63%. This drop in volumes, even as the price goes up, is an indicator of mixed signals in the market. 

On one hand, holders are not selling despite the intraday gains. Such a signal of confidence that Monero could be headed higher in the short term. However, it also means that new investors are not aggressively taking new positions. That’s because of the broader market weakness that investors fear could weigh down on Monero in the very short term. Despite the weak retail uptake intraday, multiple factors support more upside for XMR.

Monero’s Uncorrelated Nature to the Broader Market Draws In Investors 

One of them is the fact that Monero has, for the last few years, been uncorrelated to the broader cryptocurrency market. This started when it was mass delisted from all major exchanges due to regulatory reasons. The reason is that the coordinated pump and dumps that tend to move the market in sync do not affect Monero as much as other cryptocurrencies.

In 10 years, finance textbooks will have a dedicated chapter on $XMR.

The Case Study:
The only asset in history that the entire financial system tried to coordinate-kill.

Delisted by the biggest liquidity providers.
Demonized by regulators globally.
Zero marketing budget or… pic.twitter.com/Ak6fyaK89i

— ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ (@babysolo_) January 15, 2026

Instead, Monero’s value is heavily reliant on its usage for real-world transactions. As such, even as the broader market continues to show weakness, Monero is showing some upside because people are buying it to use it for real payments. This aspect of XMR is a big deal and could trigger a renewed Monero rally to new highs. That’s because a geopolitical cloud is hanging over the financial markets, and this is unlikely to change soon.

The speech by the Canadian Prime Minister in Davos is a signal that the world is entering a new era, and this comes with a lot of uncertainties. The markets are already pricing such a world, as evident in Gold’s price action in the short term. Under these uncertain circumstances, a cryptocurrency like Monero that has a real use case and is unrelated to the broader market could become more attractive. 

Canadian Prime Minister Mark Carney has delivered one of the most powerful anti-Trumpism speeches at Davos, drawing on Václav Havel’s The Power of the Powerless and urging nations to stop “living a lie” in a crumbling rules-based order amid growing great power rivalry.

The… pic.twitter.com/s23Ekf7EAL

— Hopewell Chin’ono (@daddyhope) January 21, 2026

Anti-Privacy Regulations Driving Capital to Monero

Then there is the fact that ongoing regulations across the globe are making privacy coins like Monero even more attractive. Regulations are increasingly aimed at attacking digital privacy in cyberspace. For instance, the new EU regulations make it even harder for Web 3.0 platforms to operate without having to reveal personal information. 

Such rules are likely to push people more into cyberpunk cryptocurrencies that offer maximum anonymity. Monero stands out in this aspect. The fact that it is delisted across platforms while other privacy coins remain listed shows that it has bulletproof privacy. As demand for true privacy grows, Monero could test and surpass $1000 in the short to medium term. 

Technical Analysis – XMR Trading at Critical Support Level

Monero is currently bouncing off the $501.61 support. If bulls take control and push Monero off this support level, and with high volumes, a rally to the $711.46 resistance could follow. On the other hand, if bears take control and push Monero through the $501.61, a correction to $416.81 support could follow.

Of these two scenarios, the odds are higher for a rally to $771.46. That’s because Monero’s real-world usage continues to support its price even as the broader market shows weakness. This could attract speculative investors to XMR going into the future for its growth prospects.