Monero price forecast as XMR hits $420

• Monero price rose to highs of $420 on Friday, November 28, 2025.
• XMR bulls have extended weekly gains to 26%
• Price outlook suggests successful breakout could push Monero to a new all-time high.

Monero (XMR) has surged by about 6% in the past 24 hours to extend weekly gains amid continued resurgence in the privacy coin sector.

As global markets grapple with macroeconomic headwinds, XMR’s price has steadied above $400 this past week, with momentum taking bulls to near $420.

This price level marks a key resistance area, above which buyers could target $500 and the all-time high of $517 seen in May 2021.

Monero price near $420 amid 26% gain

The past week has seen Monero notch steady gains, with double-digit gains allowing bulls to touch highs near $420.

At the time of writing, XMR ranks among the top gainers over the past 24 hours. Its price is up nearly 6% in this period and has jumped by over 26% in the past week.

Notably, price hovered around $369 on Nov. 25, but has broken higher to touch highs of $420.

This is a level where the privacy coin has previously faced sharp rejections, with a spike to $470 and $440 key moves on November 9 and November 15, 2025, respectively.

However, pullbacks ensued at daily closes below $420, ensuring the level remains a crucial one for both bulls and bears.

This past week’s rally nonetheless reflects renewed interest, and steady, incremental gains could allow for a decisive breakout.

Already, this performance is building a significant surge, with the privacy coin outpacing all blue-chip cryptocurrencies.

Over the week, Bitcoin, Ethereum, XRP, and Solana have all struggled following recent dips.

Monero is also outpacing top privacy coin Zcash, which has dropped 30% in the past week. Zcash has recently led the gainers as the privacy narrative dominated.

However, a debate on the top privacy network continues, and XMR price is up amid the overall sentiment.

Monero price forecast: can XMR bulls breach $500 next?

The XMR price has failed to shatter key resistance levels near $500, peaking at $470 over the past month.

It’s an outlook that leaves bulls waiting for a breakout to a new all-time high, with $517 having been reached in May 2021.

In the current market cycle, Monero faces robust resistance at $420.

This threshold carries historical weight. The altcoin has encountered sharp rejections at this zone on multiple occasions, most notably during fleeting rallies in November.

Resilience suggests a potential paradigm shift for XMR, though profit-taking looms as a near-term risk.

From a technical outlook perspective, bulls have a slight advantage.

The Relative Strength Index (RSI) hovers at 62 on the daily timeframe, indicating momentum well off overbought conditions.

Elsewhere, the MACD is also signaling a bullish crossover.

Meanwhile, the 50-day moving average, now sloping upward at $351, provides dynamic support.

If current price momentum holds, a breakout to the psychological $500 zone is possible.

However, a breakdown below $400 could allow bears to successfully stall bulls.