Monero (XMR) surged over 10% to approximately $407, fueled by expectations of a Federal Reserve rate cut and growing interest in privacy coins. The increased trading volume has propelled XMR to the forefront of the market, with significant Bitcoin flows converting into XMR, according to on-chain data. Technical indicators point to a potential trend recovery as Monero approaches the $400–$420 range, with $471 remaining a critical resistance level. This movement highlights the shifting dynamics in the crypto market as investors pivot towards privacy-focused assets.
Monero Jumps Over 10% on Fed Rate Cut Speculation and Privacy Coin Interest
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