- Monero breaks out to $573, up 2.48% as legendary trader Peter Brandt shares chart comparison suggesting major upside ahead.
- 10x Research cites renewed privacy focus and protocol upgrades reigniting demand despite regulatory headwinds.
- XMR trades above all major EMAs with Supertrend at $484 confirming bullish structure while Bitcoin remains range-bound.
Monero price today surges to $573.71 as the privacy-focused cryptocurrency captures trader attention following a chart comparison from legendary analyst Peter Brandt suggesting a major breakout pattern. The rally comes as analysts cite renewed focus on privacy and upcoming protocol upgrades driving demand, with XMR outperforming Bitcoin and broader markets.
Peter Brandt Chart Comparison Sparks Breakout Speculation
Veteran trader Peter Brandt posted a chart comparison on January 12 showing similar accumulation and breakout patterns between silver and current XMR structure. While Brandt did not explicitly name the asset, the timing of the post coinciding with Monero’s breakout has sparked speculation among traders that privacy coins are setting up for a major move.
The chart pattern shows a multi-year base formation followed by a breakout above long-term resistance, historically preceding explosive rallies. Monero’s current structure mirrors this setup, with price breaking above the $550 resistance zone that capped rallies throughout late 2025.
Privacy Narrative And Protocol Upgrades Drive Demand
Analysts at 10x Research wrote that Monero has benefited from renewed focus on privacy and anticipation around upcoming protocol upgrades, which have reignited demand despite persistent regulatory risks. The firm noted that privacy coins are attracting capital as traders rotate into thematic plays while Bitcoin consolidates.
Market maker Flowdesk added that the rally reflected traders being caught offside after the holiday period, with suppressed funding rates through December setting the stage for short covering and risk-on repositioning. Mid to large-cap tokens like XMR, ZEC, and SOL moved aggressively even as Bitcoin slipped back into range-bound patterns.
The move contrasts with Bitcoin’s lack of follow-through, reinforcing a dynamic where altcoins rally on positioning and rotation rather than a fresh directional push from BTC. Flowdesk noted that Bitcoin’s near-term price action is increasingly driven by ETF flows rather than conviction trading, leaving the market without a clear macro narrative.
Technical Structure Confirms Bullish Breakout
XMR Price Dynamics (Source: TradingView)The daily chart shows Monero breaking out of a rising channel that has guided price higher since August lows near $240. The breakout occurred with strong momentum, pushing XMR above all major exponential moving averages.
Key technical levels show:
- 20-day EMA: $462.78
- 50-day EMA: $431.31
- 100-day EMA: $397.05
- 200-day EMA: $356.05
- Supertrend: $484.07
Price trades nearly 20% above the 20-day EMA and 25 percent above Supertrend support, showing strong bullish structure. The rising channel that supported the rally from August remains intact, with the lower boundary near $484 providing the first support zone.
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The breakout above $550 resistance marks a critical technical development. This level capped multiple rally attempts throughout Q4 2025, and the decisive break suggests accumulated demand has overwhelmed sellers. Volume during the breakout was elevated, confirming participation rather than a thin move.
All EMAs Stacked Bullishly With Room To Run
The EMA alignment shows classic bullish structure with all moving averages stacked in ascending order. The 20-day EMA sits well above the 50-day, which trades above the 100 and 200-day EMAs. This configuration typically precedes extended rallies as momentum feeds on itself.
The gap between the 20-day EMA at $462 and current price at $573 shows the rally has extended without pulling back to retest support. While this creates potential for profit-taking corrections, the strength of the move suggests demand remains robust.
Supertrend at $484 provides the critical floor. As long as XMR holds above this level, the bullish structure remains intact. A breakdown below Supertrend would be the first technical warning that momentum has shifted.
Outlook: Will Monero Go Up?
The technical and narrative setup favors continuation. If XMR holds above $550 on any pullback and maintains the rising channel structure, the breakout remains valid. That would target $600 initially, with further upside toward $650-$700 if privacy narrative strengthens and protocol upgrades deliver.
If price loses $484 and breaks Supertrend support, the breakout becomes a false move. That would expose the 20-day EMA at $462, with deeper correction toward $430 if selling accelerates and over-extended longs unwind.
Holding $550 confirms the breakout. Losing $484 invalidates bullish structure.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/monero-price-prediction-privacy-coin-explodes-to-573-as-peter-brandt-chart-comparison-signals-major-breakout/
