Monero (XMR) has pushed into a key price zone around $350 after a steady climb, outperforming the broader crypto market and building momentum on the back of the THORChain integration. The altcoin has shown consistent strength over the past few sessions, supported by improving sentiment and a clear shift in short-term market structure. At the time of writing, Monero was trading around $344, after briefly testing the $350 area. THORChain integration adds a new layer of market interest The most important driver behind Monero’s recent strength is growing anticipation around its planned integration with THORChain . This development is expected to bring native cross-chain swap functionality to XMR, allowing users to exchange Monero directly with other major assets without relying on centralised exchanges. That shift matters because Monero has long faced limitations in accessibility. In many regions, it has been delisted or restricted on centralised platforms, making liquidity fragmented and harder to access. A decentralised swap route changes that dynamic by offering a permissionless entry and exit point for XMR. The expectation is that, once live, the integration could increase demand for XMR by making it easier for users to move into and out of the asset, especially from Bitcoin . This is not just a technical upgrade; it directly affects how easily capital can flow into the Monero ecosystem. There is also a near-term event that traders are watching closely. A community update and livestream scheduled for April 12 is expected to provide more clarity on progress. This has added a short-term speculative layer to the market, as participants position ahead of potential confirmation or updates. XMR price action tightens near a key resistance zone Monero’s recent price behaviour shows a market that is gradually tightening. Over the past week, XMR has moved within a defined range, with support forming around $328 to $330 and resistance building near $350 to $355. Each attempt to break higher has met some selling pressure, but importantly, buyers have continued to step in at higher levels. This pattern often signals accumulation, where the market gradually absorbs supply before attempting a larger move. The repeated defence of the $340 level has been especially notable, as it has acted like a short-term pivot for price stability. Technical momentum also appears balanced rather than overheated. The RSI indicators signal neutral conditions, which give room for further movement if buyers regain control. Market positioning points to a potential breakout phase The XMR price is sitting just below the $347-$355 zone, which aligns with a key retracement level that traders often watch for confirmation of trend continuation. Breaking through this zone would likely attract more attention and could trigger a faster move as short positions unwind and momentum buyers step in. However, the market is still at a decision point. Holding above $340 is important in the short term. If that level continues to act as support, it increases the probability of another attempt at breaking resistance. If it fails, the market may need more time to consolidate before making another push. The post Monero hits $350 as THORChain boost strengthens XMR utility appeared first on Invezz
