Monero (XMR), a privacy-focused cryptocurrency, surged 11.5% recently, reclaiming the $360 support for the first time in a week. Analysts suggest that holding this range might drive XMR to retest its historical $420 resistance. After a crypto market pullback, XMR led the top 100 tokens with notable gains.

Despite a 21% retracement last week, Monero’s performance remains strong, supported by positive market sentiment and significant price increases over recent months, including a 66% rise. Key analysts emphasize the importance of maintaining critical support levels to ensure continued growth.

XMR’s chart is highlighted as one of the few likely to break its all-time high. However, retaining this momentum and crossing the $422 resistance are necessary for a sustained rally.