Monero (XMR) had a fairly bullish breakout from late 2025 until reaching an all-time high of $797.73 on January 4, 2026. But the privacy-focused cryptocurrency has plunged more than 53% since its peak in January 2026. The recent market crash has deepened the correction in XMR. According to CoinGecko statistics, XMR price has fallen 7.8% in the past 24 hours, 21.6% in the last week, 37.3% on the 14-day chart, and 14.2% month-on-month. Nevertheless, the asset maintains a significant rise on the annual chart, gaining 77.4% since February 2025. Let’s discuss whether Monero (XMR) can recover from its current bearish trajectory or continue its decline.
Can Monero regain its all-time high price level?
While other crypto assets faced sharp price corrections, Monero (XMR) began its upward momentum in late 2025. The crypto market suffered its most significant liquidation event in October last year. While most assets were recording huge losses, money was flowing into XMR. The rise in Monero (XMR) can be attributed to the surge in demand for privacy-focused cryptocurrencies. Other privacy coins such as Zcash (ZEC) also saw significant gains.
Monero (XMR)’s rise was further propelled by internal conflicts at Zcash that led to the exodus of core developers. This move may have caused investors to exit ZEC and pour money into XMR. This development likely drove Monero (XMR) to an all-time high in January of this year.
However, the cryptocurrency market has faced significant struggles in recent weeks, with Bitcoin (BTC) at one point falling below the $75,000 level. Given the strong market bearishness, it is unlikely that Monero (XMR) will regain its all-time highs just yet. The asset has entered a sideways trajectory and prices are likely to consolidate around current levels in the coming days. However, breakouts can be a little surreal.
