11683

Monero Node List Proposed Hardening | XMR Around $614 | I’ll Wait for Confirmation, Not Chase a Bounce

My stance is to first see whether the network-layer changes can actually be merged, and then whether the price can hold a key range. On November 5, a new PR, #11683, was opened in Monero’s official code repository. It proposes that when a node’s “whitelist” of addresses is full and an old address needs to be removed, the node should first test whether the least recently contacted node is still reachable: if it responds, keep it and update the record; if it doesn’t, then consider replacing it with a new address. The proposal’s author says that the existing approach of removing nodes based on when they were last seen could allow large numbers of reachable new addresses to displace honest nodes, increasing the risk of nodes becoming isolated. Related PR #11681 proposes not sharing whitelist addresses with other nodes if they have not been seen for more than 30 days. Both are still open code proposals. They should not be described as an upgrade to the mainnet, nor should they be used to claim that Monero is under attack or that its privacy has failed.

Why should XMR traders care about this? Monero’s censorship resistance and privacy experience depend on nodes being able to find reliable peers on the network. If the address book can easily be crowded out, an individual node may get a narrower view of the network, putting the reliability of transaction propagation and synchronization to the test. If the proposed fixes are reviewed, tested, and included in an official release, they would improve the network’s future resilience; a single PR will not immediately change the circulating supply, fees, or supply and demand on exchanges. I see this as a project development worth tracking, not evidence that buying pressure has already emerged.

The price hasn’t endorsed this narrative either. When I checked XMR/USD on Kraken, the latest trade was around $613.57, below the day’s opening price of $641.39; the day’s low was around $605.91 and the high around $644.26. The roughly $614 price is only a snapshot at the time of checking, not a fixed quote. The retreat from the open suggests that the market has not yet established sustained upward price confirmation; however, a one-day decline cannot be directly attributed to these two code proposals. Compared with the roughly $617 level observed last time, the price is still hovering near the lows. I won’t count an old plan that never triggered as a trade.

If I were trading this myself: I would stay out for now. The only direction I would consider is a small, unleveraged spot long, with planned capital capped at 1% of the total account. The entry trigger would be for XMR to first reclaim $622 and hold above it on the one-hour timeframe, while also not breaking below $615 on the next pullback; only then would I scale in. If it pushes straight above $644 without a confirmed pullback, I would pass rather than chase. The first target is $630, where I would close half of the test position; the target for the remainder is $641 to $644, with further reductions near the top of that range. I would set the initial stop below $606 and close the position if the one-hour candle closes below $606. If it still cannot hold above $622 after two days from entry, I would also close the position proactively. Any unexpected security announcement or official release that changes the assumptions would need to be verified before I decide what to do; I won’t let an unmerged PR take on risk for me.

Next, I’ll check the PR review and merge status, the official release notes, and whether support around $605–$606 is holding. If the price loses that range or the proposal is rejected in review, I’ll need to abandon my view of “waiting for progress on the fix and looking for confirmation.” If it is officially merged and the price regains and holds above $622, that would give me a basis for reassessing the risk-reward.

#XMR
The above is only my personal market observation and does not constitute investment advice.