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Monero (XMR) jumps 9.4% amid market struggles, boosted by chart comparison to silver's rise.

Market News
23 Oct 2026
Tokenpost
View Source
Bullish
Monero (XMR) jumps 9.4% amid market struggles, boosted by chart comparison to silver's rise.

Monero (XMR) surged 9.4% over the past week despite broader struggles in global stock and crypto markets. The rise was partly driven by trader Peter Brandt's observation that Monero's chart pattern resembled silver's before its sharp price increase to $125. This comparison likely encouraged buying interest in XMR, although no major positive news specifically triggered the rally. Additionally, a Monero wallet exited before a 12% rally, indicating some profit-taking activity.

Monero (XMR) holds a market cap of Rp35,12 trillion on Pluang as of Oct 24, 2026 05:21 WIB, with a 24-hour trading volume of Rp937,45 million. The price of Monero on Pluang is Rp1.934.530, showing a 1-day increase of 2.41%. The typical hold time for XMR on the platform is 32 days, indicating moderate investor engagement despite recent volatility in crypto markets.

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