Monero (XMR) Soars 20% Weekly: Can It Repeat ZEC’s Explosion?

Monero’s privacy coin XMR traded just below $650 on October 22, up 20% for the week and at its highest level since January, even as the broader cryptocurrency market declined. The rally followed the Monero team’s release of GUI v0.18.5.4, called Fluorine Fermi, a minor upgrade that reopened testnet and stagenet wallets and included bug fixes. X user Sweep predicted a new historical peak and possibly $1,000, while analyst Crypto With Gopal pointed to a breakout above the $630-$640 resistance zone after weeks of consolidation, with $750 possible. Exchange netflow data showed inflows exceeding outflows recently, suggesting increased selling pressure, and XMR’s Relative Strength Index was near 70, approaching overbought territory.