Monero approaches the $500 resistance level—Will the 50% XMR price rally reignite?

According to CoinWorld, driven by escalating geopolitical tensions and rising demand for privacy assets, Monero (XMR) surged over 11% within 24 hours, breaking through the $490 mark. Trading volume soared by more than 70%, supporting a rebound in price from lows near $425. Currently, Monero's price is testing the resistance level of $500-$520; if it can consistently break through this resistance, Monero is expected to challenge $650-$700 in 2026. However, if it fails to hold above $460, it may drop to $430.