Monero Price Surges 6% Despite Chain Reorg, Bulls Target $500

Monero price (XMR) is making headlines after pulling off a surprising rally in the face of one of its most severe network disruptions to date. The privacy-focused cryptocurrency jumped nearly 6% in the past 24 hours, trading around $308–$312 at press time, even after suffering an 18-block chain reorganization that invalidated more than 117 confirmed transactions.

XMR Rallies After 18-Block Rollback Erases 117 Transactions

Monero was the leading gainer among large cryptocurrencies, reaching a high of around $330 for the day. Its trading volume increased by 42% to $110 million.

However, a significant chain reorganization occurred, which analysts called Monero’s largest ever. This event rolled back 36 minutes of transaction history, raising concerns about the reliability of the network.

Crypto analysts were quick to highlight the unusual market response. Commenters called the rollback “a major stress event for the privacy-focused blockchain,” while others warned that for a coin built on trust and security, the incident is a “serious red flag.”

Some voices in the community, including OrangeFren, cautioned that if Monero does not address the risk of reorg attacks, “a Sword of Damocles will always hang over Monero’s head.”

Monero Price Holds Strong – $500 Might Be Near

Despite the event, XMR’s market cap rose to $5.6 billion, as technical indicators also showed strength. TradingView’s dashboard rated XMR coin a “strong buy,” with 14 moving averages flashing bullish momentum on the daily chart.

Charts from Santiment show Monero price holding steady above its 50-day ($323.45) and 200-day ($322.79) moving averages, levels that often serve as trend confirmation. On intraday trading, Monero hit highs near $328 before consolidating.

Momentum is strong for XMR. The Relative Strength Index (RSI) is at 71, indicating a good position, but not yet extremely overbought. If bulls continue to lead, analysts expect the Monero price to test the $320–$330 resistance zone. This could lead to a potential rise towards $390–$500 in the next few weeks, according to Rose Premium Signals, representing around 60% from current levels.

This increase could happen in the near term, firstly because the privacy coin has climbed over 50% in the past six months and more than 85% in the last year. It also reached $517.62 during the 2021 bull run and topped $420 as recently as May 2025.

Still, if XMR fails to hold support between $285 and $290, the price could drop sharply, especially if security concerns weigh on investors.

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