Monero Approaches Key $419 Resistance as Whales Drive a Bullish Setup

Monero (XMR) continues climbing above the $400 level on Friday, moving toward the critical $419 resistance that has capped price action since May 26. Derivatives data reveals growing activity from large holders — the whales — signaling expectations of an upcoming breakout.

The broader technical picture leans bullish as the MACD indicator prints a fresh buy signal, reinforcing momentum for further upside.

Renewed Demand for Privacy Coins Pushes Focus Toward Monero

With Zcash cooling off after its October surge, investor attention within the privacy coin sector has shifted to Monero. According to CryptoQuant, high-value whale orders in XMR futures have accelerated, pushing derivatives volume into overheating territory. This behavior reflects a risk-on stance among large traders anticipating continued recovery.

CoinGlass data supports this trend, showing an 8.09% rise in XMR futures Open Interest, bringing the total to $67.06 million in 24 hours. The long-to-short ratio has also climbed to 55.79%, indicating a renewed tilt toward bullish positioning.

Overall, growing optimism in Monero’s derivatives market provides fuel for its ongoing recovery.

Monero Targets Breakout After Multiple Attempts at $419

XMR maintains its footing above $400, marking its third consecutive day of upward movement. The goal now is a decisive daily close above $419, a level that halted previous rallies twice this month. Achieving this would set a new yearly high and open the path toward the $471 peak reached on November 9.

Technically, momentum is improving. The daily RSI sits at 62, rising steadily while maintaining room before entering overbought territory. This supports the probability of continued gains.

The MACD indicator adds to the bullish outlook, flashing a buy signal as its averages cross upward — a traditional trigger for trend continuation.

Key Levels to Watch

If Monero clears $419, the rally could stretch to $471 next.

If price rejects the resistance again, XMR may slip below $400 and revisit the $372 support, aligning with the June 3 high.

Monero now sits at a pivotal moment: rising whale activity, strong derivatives positioning, and improving technicals all build a case for a potential breakout — provided the $419 ceiling finally gives way.