Monero (XMR) Rockets 40% Then Crashes 20% Amid $220M Whirlwind
Privacy coin Monero (XMR) just pulled a classic crypto rollercoaster—soaring 40% before shedding 20% of its gains, all while $220 million in liquidity played musical chairs. Traders who bought the hype got a brutal reminder: even privacy coins can’t hide from volatility.
The pump-and-dump spectacle coincided with suspiciously timed exchange inflows—because in crypto, ‘organic growth’ is often just a euphemism for whales testing exit liquidity. Meanwhile, Wall Street still pretends it can ‘tame’ this market with ETFs.
XMR’s wild ride proves two things: 1) Crypto moves faster than regulators can draft PowerPoints, and 2) ‘Number go up’ remains the only technical analysis most investors understand.
Bitcoin Holds Steady While Crypto Markets Calm Down
While Monero stole the weekend headlines Bitcoin (BTC) was relatively quiet. BTC is still above $93,000 and showing strength despite the broader market turmoil. Positive sentiment around US-China tariff easing and consistent inflows into spot Bitcoin ETFs is helping to cushion the downside.
Elsewhere Ethereum (ETH) and XRP are up modestly as more institutional crypto products are expected to launch in the coming months.
XRP Leads Altcoin Gains Ahead of ETF Launch
XRP is up 4% today as ProShares XRP Futures ETF is set to launch on April 30. Other altcoins like Cardano (ADA) and Solana (SOL) are up smaller but the overall market is still at key resistance.
Investor attention is divided between new ETF approvals, regulatory discussions and macroeconomic news so volatility is high across the major tokens.
Monero Rockets to $320 Before Losing SteamMonero Technical Analysis: $266.40 Is Key
After the wild ride Monero (XMR/USDT) is consolidating at $261.80. The price is holding just below the 61.8% Fibonacci retracement at $266.40. The 50 hour EMA ($244.59) is providing support below.For newbies this is a “retracement retest”—where price tries to find a new floor after an overbought move.
- Buy Rebound: Above $266.40
- Targets: $278.00 and $289.80
- Support: $249.70
- Stop: Below $249.00
Be patient—wait for a clean retest of $266.40 before looking to long.
