Monero Price Forecast: XMR Breaks $600 as Charts Hint at a 1,000% Move

Monero (XMR) rose to a fresh record high of nearly $600 following a nearly 35% pump in the past week, mirroring the late 2024 price boom of its top privacy coin rival, Zcash (ZEC).

If the upside momentum persists, XMR’s price can grow by over 1,000% in 2026. Let’s examine how.

Monero Breaks Multi-Year Consolidation Range, Like Zcash Did

On January 11, XMR broke out of its multi-year ascending triangle range, a setup defined by steadily rising higher lows that compress the price against a flat macro resistance zone.

A decisive breakout above the ascending triangle’s upper trendline typically leads the price to level at length equal to the previous uptrend’s height.

Applying this technical analysis structure to Monero’s chart reveals an upside target of around $6,600, representing an approximately 1,000% increase from the current price by 2027.

Interestingly, XMR’s breakout appears similar to Zcash’s, which led to a 1,000%-plus rally in October last year.

Last week, Zcash experienced a governance and developer crisis, marked by senior team resignations, funding uncertainty around the Electric Coin Company, and growing concerns over long-term protocol stewardship.

As a result, capital appears to be rotating toward Monero, viewed as the more battle-tested, decentralized, and operationally stable privacy network.

How High Can XMR Price Go in 2026?

From a Fibonacci perspective, XMR’s 2026 upside case remains constructive even under a more conservative scenario.

The token broke above its 1.0 retracement level near $504 this week, a zone that historically acted as resistance. Now, the next major Fibonacci extension lies around the 1.618 line near $800.

As long as XMR holds above former resistance-turned-support and remains above its rising long-term EMAs, a measured advance toward the $800 region in 2026 appears technically achievable before any deeper consolidation phase sets in.

A breakout above $800 will likely enable a sustained upside momentum toward the 2.618 Fib line above the $2,000 mark.