XMR Soars 16% Off Support After Massive Drop

Key Insights:

• XMR fell 30% from highs, then bounced 16% after touching the projected support zone.
• Price action respected prior analysis zones, confirming technical structure amid high volume.
• XMR has gained 150% since late 2025, despite recent corrections from the $800 level.

Monero (XMR) dropped nearly 30% after reaching the 1.618 Fibonacci extension, a level often watched by market participants during strong moves. This area marked the end of the recent rally, prompting a sharp correction.

After the drop, XMR moved into a support range between $537 and $565. This zone had been noted earlier as a possible reaction area. A 16% bounce followed soon after, with the price recovering back to around $620. GL Crypto, a market analyst, noted, 

Technical Support Holds as Price Rebounds

The bounce took place at the first of several support areas identified in prior analysis. Price is currently trading above $620, showing that the zone attracted demand.

Below the current level, further support remains between $449 and $498. These areas may come into play if selling pressure returns. For now, the recent rebound shows buyers stepping in after the steep drop. Price action continues to follow the technical zones shared earlier.

150% Climb Since 2025 Base

Another view of the chart, shared by Tyler, shows XMR’s price movement since mid-2023. In this period, XMR climbed more than 150% from its base in late 2025. The rise began after a long sideways phase and broke out through an ascending channel in October.

The price moved steadily higher, then surged in early January 2026, reaching near $800 before pulling back. Tyler commented, “Strong bounce today,” referring to the recovery that followed the recent sell-off.

This structure remains intact, with the broader trend still upward despite recent volatility.

Current Market Stats

Monero (XMR) was trading at $618.65. The 24-hour trading volume is $370,958,446. Price is up 5.02% over the past 24 hours and 5.9% over the last 7 days.

The market is responding to levels mapped out in previous analysis. Traders are now watching to see if the recovery continues or if price moves back toward lower support zones.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.