$MON As of January 24, 2026, Monero (XMR) is navigating an intense "tug-of-war" between record-breaking usage and a massive global regulatory crackdown.
Latest Price Action & Technicals
Current Price: Approximately $510 – $535 (rebounding from a weekly low near $490).
The January "Rollercoaster": XMR started 2026 with an explosive rally, surging from $420 to nearly $800 in the first two weeks. This was driven by a massive "short squeeze" and a reported $282M theft where hackers swapped stolen Bitcoin/Litecoin into Monero, causing a local supply shock.
Current Outlook: The price is currently testing the 50-day EMA as support. Analysts suggest that if XMR holds above $500, the next bullish target is $640. However, a failure to hold this level could see a retracement to $425.