XMR's short-term activity is driven by improved market risk appetite, with prices trading actively in the $330–$360 range. If it can successfully hold above $340 and break through the $350 resistance with increased volume, the next target is $380–$400. In the long term, THORChain’s cross-chain empowerment and the expansion of the privacy ecosystem will continuously bring new liquidity and revaluation opportunities to XMR, but regulatory risks remain the main exposure. It is recommended to participate in high-volatility intervals following the trend, gradually build positions after key resistance is effectively breached, and closely monitor policy and trading volume changes to adjust positions in time.

Recently, news of a temporary ceasefire between the US and Iran has boosted overall market risk appetite, significantly strengthening Bitcoin option bulls and leading to a broad rise in crypto assets. As a representative privacy coin, Monero has also seen notable activity in this context. On April 9th, its price surged above $351, with trading volume spiking, indicating strong short-term bullish sentiment. Overall, the improvement in risk asset sentiment brings Monero stage liquidity and price flexibility, with room for continuation in the short term on emotional drivers.

Bitcoin call options with an $80,000 strike price on Deribit have surged to over $1.6 billion in open interest, surpassing $1.41 billion in $60,000 put options, signaling a market shift amid improving sentiment. Analysts link this to a temporary US-Iran ceasefire easing oil prices and inflation concerns, boosting expectations for Fed rate cuts and benefiting risk assets like Bitcoin. Asset manager 21Shares notes that with ongoing ETF inflows and institutional holdings, Bitcoin could approach $100,000 by Q2 end if geopolitical and regulatory conditions improve, though risks remain if Middle East tensions escalate.

Analysis: Bitcoin $80K call options open interest exceeds $1.6 billion, market bets on a rally driven by a combination of trend reversal and rate cut expectations.

Bitcoin and Ethereum rose 8% and 9% respectively after President Trump's ceasefire announcement with Iran. However, privacy coins Zcash and Dash surged more significantly, with gains of 49% and nearly 53%. Other privacy coins like Monero also saw increases. The rise follows endorsements from crypto entrepreneurs and investments from firms like Winklevoss Capital, highlighting growing interest in privacy-focused cryptocurrencies amid concerns over public blockchains.

Bitcoin and Ethereum are up — but these privacy coins have surged even harder

On the daily chart, Monero has recently oscillated in the $330–$360 range. The April 9th high of $351.66 approached previous critical resistance, forming an evident bottleneck. Technically, the price has completed a cup-and-handle-like pattern, and after breaking through the 50% retracement level, the pullback support has held strong. The volume behavior aligns with pattern evolution, showing strong buying interest. If the price can hold above $340 and break out above the $350 level with increased volume, it could extend to the $380–$400 range. Conversely, if volume dries up and price falls below the $335 support, it will return to range-bound consolidation.

Monero (XMR) surged about 6% on April 9, reaching around $345 and nearing a major resistance level near $350 with a market cap of $6.37 billion. The privacy coin, along with others like Zcash and Dash, is gaining value amid growing demand. Technical analysis shows Monero completing a cup and handle pattern, suggesting potential to break through $380-$400 if resistance is surpassed. The bullish momentum follows positive crypto market sentiment after a U.S.-Iran ceasefire announcement.

Monero (XMR) Price Nears Major Resistance After Spike of 6%

Monero's price rose 1.33% to $347.59, surpassing the 50% Fibonacci retracement level and key moving averages, signaling a potential short-term bullish trend. Trading volume surged nearly 19% to $96.18 million, indicating strong buyer interest. Positive sentiment and ongoing technical upgrades, like THORChain integration and privacy enhancements, support Monero's outlook. However, regulatory pressures and key price levels remain critical for its near-term direction.

Monero Price Rises Above Key Levels as $XMR Trading Volume Surges

THORChain has announced support for Monero's mainnet within 1 to 2 months, with a dedicated Asgard privacy vault scheme for native, non-custodial cross-chain swaps. This will significantly enhance Monero’s DeFi liquidity and application scenarios, helping privacy coins integrate and discover value within mainstream ecosystems. While technical implementation faces the challenge of ledger opacity, systematic testing has shown promising progress. In the long run, this will bring continuous network effects and capital inflow opportunities to Monero.

THORChain plans to support Monero (XMR) and Bittensor (TAO) mainnets within 1 to 2 months, with XMR's chain client PR passing simulation tests. To address privacy concerns, a dedicated Asgard vault of all validator nodes will be created for XMR. Additionally, Zcash (ZEC) is expected to launch on the mainnet by the end of April.

THORChain plans to support XMR and TAO mainnets within 2 months, and ZEC is expected to launch at the end of April.

THORChain plans to integrate the mainnets of Monero, Bittensor, and Zcash within two months to enhance cross-chain liquidity. This expansion enables native, non-custodial swaps without wrapped tokens, bridging privacy-focused and AI-driven blockchains. The integration involves complex technical challenges, especially for Monero’s opaque ledger, and aims to expand DeFi utility while maintaining security. Extensive testing will precede mainnet deployment, marking a significant step in decentralized finance.

THORChain’s Pivotal Expansion: Integrating Monero, Bittensor, and Zcash Mainnets for Enhanced Cross-Chain Liquidity

Although market sentiment and ecosystem development continue to improve, privacy coins have always faced strong regulatory pressures. While trading volumes are hitting new highs, any tightening measures targeting privacy transactions from regulators will pose clear downside risks to the price. Furthermore, repeated attempts at critical support and resistance levels reflect the market’s sensitivity to news. Investors should monitor policy trends and trading volume changes to guard against intensified short-term volatility.

Monero

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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XMR price today is 348.76, with a live price change of 1.30 in the last 24 hours. Convert, buy, sell and trade XMR on Bybit-eu.

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