XRP drew fresh inflows as crypto funds saw $454 million in outflows, with investors cutting Bitcoin exposure amid fading US rate cut hopes.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
3 mins read
Monero XMR $574.5 24h volatility: 15.7% Market cap: $10.60 B Vol. 24h: $369.01 M is currently leading the privacy coin sector, surging 19% and reaching a new all-time high of $596.
Today’s rally follows a multi-month breakout, with veteran trader Peter Brandt noting similarities to the recent silver breakout.
The current XMR chart indicates strong bullish momentum, suggesting continued upside potential for the altcoin.
Hey investors/traders
If you cannot figure out what I am telling you here then I could never be of any value to your thinking pic.twitter.com/dLz1ncK2PX— Peter Brandt (@PeterLBrandt) January 12, 2026
Monero has set a new all-time high after climbing to $598, pushing its market capitalization above $10 billion for the first time.
The breakout has reinforced bullish sentiment among analysts, with some noting that the XMR rally may still be in its early stages.
Market data shows strong momentum behind Monero’s rally. As of January 12, XMR has gained over 30% since the previous Saturday, trading above $596 with a market capitalization exceeding $10.7 billion.
Trading activity also went up, with daily volume rising 242% to over $370 million, which is the highest level recorded in the past month.
Veteran trader Peter Brandt compared the recent Monero (XMR) price behavior to silver’s historic breakout pattern.
In his analysis, Brandt reviewed XMR on a monthly timeframe and compared it with silver’s performance on a quarterly chart.
He noted that both assets previously formed two major peaks that created a long-term descending resistance trendline.
In silver’s case, the price eventually broke above that trendline, followed by a powerful breakout candle, dubbed the “god candle.”
Brandt has refrained from giving a specific XMR price target, but the comparison suggests that Monero could experience a similar high-momentum breakout on its monthly chart as it moves past its own long-term resistance.
Analysts at 10x Research said Monero has gained momentum from a renewed market focus on privacy, alongside growing expectations around upcoming protocol upgrades.
In a research note, the firm said these factors have helped revive demand for XMR, even as regulatory uncertainty continues to weigh on the broader privacy-coin sector.
Apart from Monero’s (XMR) price rally, other privacy coins such as Zcash ZEC $400.5 24h volatility: 1.1% Market cap: $6.61 B Vol. 24h: $699.00 M , which recently fell 10% following the departure of its development team, and Canton (CC) have also been in the spotlight amid the sector-wide rally.
Some market analysts noted that XMR is well-positioned to outperform in 2026, supported by several emerging tailwinds.
The XMR rally is also being driven by increasing demand for privacy-focused assets as tax enforcement intensifies across the globe.
The investor sentiment is making a good shift following governance and development setbacks within the Zcash ecosystem.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
