Cryptoinsightuk analyst Will Taylor says Monero’s long-term price structure is setting up for a potentially explosive run — one that could push XMR toward the $1,000 mark and, in a more bullish scenario, up to about $1,160.
In a weekly XMR chart shared on X, Taylor points to a pattern of structural higher lows and higher highs, with upside moves growing more volatile — a setup he thinks could carry Monero significantly higher if the weekly trend holds. “Looking to see if this trend continues or not… TP below / around the psychological level of $1,000,” he wrote, adding that an aggressive target near $1,160 would align with the 2.618 Fibonacci extension. He cautioned the weekly still needs confirmation.
Technical and market context
- Price: The chart showed Monero trading near $388 against USDT on KuCoin; a rise to $1,160 would imply roughly a 200% gain from that level. At the time of reporting, XMR was quoted at $387.97.
- Market cap: Taylor’s market-cap chart placed XMR around $7.15 billion, and elsewhere he referenced about $6 billion — reflecting the normal variance in snapshots and data sources. Using Fibonacci extensions, he suggested Monero’s market cap could expand to as much as $35 billion if the bullish setup unfolds.
A bet on privacy demand, not ignorance of headwinds
Taylor’s bullishness isn’t based purely on price charts. In a longer piece for The Weekly Insight he framed Monero as a strategic wager on persistent demand for crypto privacy — even as regulators and exchanges clamp down on privacy-focused tokens like Monero and Dash. He argued delistings and scrutiny don’t erase the market for confidentiality-focused coins; if anything, they may entrench a split between compliance-first assets and those built around transaction privacy.
“Although privacy tokens are being delisted from exchanges, there is still a valid market for them… Many people, myself included, value privacy and believe that it will continue to play a significant role in the future of crypto,” Taylor wrote.
How this matters
Taylor highlights Monero’s historical pattern of a major run from early lows followed by extended consolidation — a base that, in his view, could precede another sizeable upward move if the privacy narrative strengthens alongside mainstream adoption and tightening surveillance in crypto.
Bottom line: Technicals and narrative are aligning for Taylor’s bullish case, but he emphasizes confirmation on the weekly chart is still needed before the move becomes higher-probability.
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