Monero Price Rally: Can XMR Break $400 After Double-Digit Gains?

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Can Monero price break $400 after its double-digit rally?

Monero jumped by double digits on June 11 as privacy-coin demand returned after two fresh ecosystem updates. 

Summary

  • Monero rose above $350 after double-digit daily gains pushed XMR back toward breakout resistance.
  • Cake Wallet’s Passport Prime integration supports self-custody access after exchange delistings reduced XMR availability.
  • Taylor Hornby adding Monero to his audit queue brings fresh attention to privacy-coin security.

Monero (XMR) saw a significant price increase over the last day, climbing over 10% and trading between $351 and $354, according to crypto.news data.

This development follows Cake Wallet’s recent addition of support for Monero via the FOUNDATION Passport Prime hardware wallet. The market also responded to news that security engineer Taylor Hornby plans to include Monero in his upcoming security audits.

Monero price rebounds from demand zone

Monero was trading around $351.53, fluctuating between $308.46 and $355.88 over the past day. Approximately $142.36 million worth of Monero was traded, giving it a market capitalization of roughly $6.59 billion.

Although the token’s value is down 13.25% in the last month, recent trading activity suggests buyers are starting to regain control. The price is still holding above a key support level between $266 and $320.

The daily chart shows XMR recovering after a sharp correction from its January spike toward $800. Price is now moving closer to the descending trendline that has capped rebounds for months.

Analyst Lucky believes XMR is showing promising signs and may be on the verge of a significant price increase. This optimism seems to be driven by the price nearing a key downward trend line.

It seems like waiting was worth it – things are finally starting to look promising. I believe Monero (XMR) is close to a significant price increase.

— Lucky (@LLuciano_BTC) June 11, 2026

Cake Wallet support helps self-custody narrative

Cake Wallet’s integration of Monero into FOUNDATION’s Passport Prime matters because XMR users often focus on self-custody. Hardware wallets help users store assets away from centralized platforms.

That point carries more weight for Monero after exchange delistings reduced access in several markets. Binance previously removed XMR due to compliance concerns, while other exchanges have also limited privacy-coin support.

We’re excited to announce that Cake Wallet, supporting Monero and other cryptocurrencies, is coming to Passport Prime, thanks to our collaboration with @FOUNDATIONdvcs! Here’s a quick preview:

— Vik Sharɱa – Cake Wallet 🇺🇸 🦞🍰 (@vikrantnyc) June 8, 2026

When major exchanges delist a privacy asset, holders often move toward wallets and peer-to-peer tools. That makes secure custody more important for users who still want to hold or transact in XMR.

The new Passport Prime integration offers Monero users an additional way to store their funds. This also reinforces Monero’s long-standing commitment to privacy, which has been a core principle since its creation.

Security audit news adds another catalyst

The second issue was identified by Taylor Hornby, a security engineer who previously discovered a major vulnerability in Zcash’s Orchard privacy feature. This bug had apparently been present without anyone noticing since May 2022.

This potential weakness in the system could have enabled the creation of fake ZEC without being easily noticed. Fortunately, Shielded Labs quickly released a fix before anyone realized the problem.

I’ve noted that Hornby indicated he plans to review Monero and other privacy coins. When someone asked him directly on X if he’d be taking a look at Monero specifically, he confirmed that he would and added it to his list of projects to audit.

Absolutely! I’ll add Monero to my queue of things to audit

— Taylor Hornby 🛡❤️ (@DefuseSec) June 5, 2026

The upcoming audit is sending mixed signals to the market. A positive review would likely strengthen trust in Monero’s technology, but finding any flaws could cause price swings.

Because of this, traders might see the audit update as something to monitor carefully, rather than automatically assuming it’s good news. Privacy coins rely a lot on users believing in their security features and how transactions are handled.

XMR technical indicators improve, but $400 remains key

Looking at the daily price chart for XMR/USDT, the price is currently approaching a key downward trend line. If the price closes above this trend line and between $360 and $400, it would suggest a potential breakout is happening.

The $380 to $400 zone is the next key resistance. XMR must clear that region before buyers can claim stronger control.

The demand zone near $300 to $320 remains the main support area. As long as XMR holds above that range, the recovery structure stays active.

If the price falls below $300, it would indicate a less promising outlook and suggest the recent increase was likely just a temporary recovery after a significant price drop.

The RSI sits near 50.03, while its average line is around 42.81. This shows momentum has improved from the recent weak zone and has returned to neutral.

For stronger confirmation, RSI needs to hold above 50 and move toward 60. That would show buyers are gaining clearer momentum.

The MACD is still showing negative momentum, remaining below zero. Currently, the MACD line is around -15.86, and the signal line is at -14.98, indicating that overall momentum remains weak.

The histogram is getting smaller, which indicates that the downward price pressure is easing up, although the overall trend hasn’t become upward yet.

Volume sits near 6.56K XMR on the chart. It supports the bounce, but it does not yet show the kind of strong demand normally seen during major breakouts.

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2026-06-11 14:40