Monero Tops Charts With 41% Monthly Rally: New Peak Soon?

Monero (XMR) continues to dominate the charts even though other major assets are facing resistance. CoinGecko data shows that XMR’s price has risen by 2% in the last 24 hours, 24.7% in the 14-day charts, and 41.7% over the previous month. Let’s discuss what’s pushing Monero’s (XMR) price rally and if the upswing can sustain itself.

What’s Behind Monero’s Price Rally?

Monero’s (XMR) price rally comes after THORChain opened direct trading for the asset. The move has likely increased investor sentiment. The move could also lead to more adoption for the privacy-focussed cryptocurrency.

Monero’s (XMR) upward momentum began after the cryptocurrency market as a whole faced a bullish upswing in late August 2026. The market-wide rally was fueled by President Trump’s cryptocurrency event at the White House and his statements about the US planning to purchase a large amount of crypto assets. The rally was further propelled by the US Treasury’s decision to increase bond buy backs. The Treasury’s decision may have injected more liquidity into the cryptocurrency market.

… Continue reading the full article at the original source below.