Monero To $1,160? Analyst Sees Major XMR Rally Ahead

Cryptoinsightuk analyst Will Taylor says Monero’s multi-year structure could support a move toward the $1,000 area and potentially as high as $1,160 if the current weekly trend holds.

Taylor shared a weekly $XMR chart on X and tied the setup to a broader thesis around privacy coins, arguing that Monero’s market structure has continued to improve despite the regulatory and exchange pressure facing privacy-focused assets.

“Looking to see if this trend continues or not. Structural higher lows and higher highs, with volatility of the upside moves increasing. I’m thinking a TP below / around the psychological level of $1,000,” Taylor wrote.

He added that the more aggressive target sits above that level. “We still have today to confirm on the weekly of course, but just an idea. There is also an argument for the $1,160 region that would align with the 2.618 fib level.”

The Thesis Behind Monero

The chart shows Monero trading near $388 against USDT on KuCoin. The projected move toward the $1,160 area would imply a gain of around 200% from the highlighted region, according to the chart’s measurement. Taylor’s market-cap chart also shows $XMR around $7.15 billion, with Fibonacci extension levels mapped above the current range.

Taylor’s thesis is not based only on near-term price structure. In a longer note from The Weekly Insight, he framed Monero as a bet on the persistence of crypto privacy demand, even as regulators and exchanges have moved against privacy tokens.

“The next token I want to look at is $XMR (Monero). There’s been an international push to essentially halt privacy tokens like Monero, Dash, and others, due to their ability to make transactions difficult, if not impossible, to trace. I’d like to remind everyone that this was the original vision for crypto—an anonymous, decentralized financial system.”

That framing is central to his argument. For Taylor, delistings and regulatory scrutiny do not eliminate the market for privacy assets; they may instead sharpen the divide between assets optimized for compliance visibility and assets built around transaction confidentiality.

“Although privacy tokens are being delisted from exchanges, there is still a valid market for them, regardless of how large that market may be. Many people, myself included, value privacy and believe that it will continue to play a significant role in the future of crypto.”

Taylor also focused on market capitalization rather than price alone, noting that Monero’s current market cap is around $6 billion in his analysis. He said Fibonacci extensions suggest the asset’s valuation could rise materially if the setup develops as expected.

“Using Fibonacci extensions, we could see its market cap rise to $35 billion,” he wrote. “Since it has been delisted from many exchanges recently, it’s important to consider market cap as a key factor.”

Taylor described Monero’s history as a major expansion from early lows followed by years of consolidation or accumulation, which he sees as a possible base for a larger upside move.

“This, to me, suggests that we could see explosive price action to the upside in the future. I believe the narrative for privacy tokens is strong and growing, especially as mainstream adoption increases and surveillance in the crypto space tightens. Privacy is likely to become a critical part of the market in the years to come.”

At press time, $XMR traded at $387.97.