Monero (XMR) Price Falls by 5% Amid Surging Demand

• On Tuesday, Monero ($XMR) witnessed a drop of 5% following the downward momentum in Bitcoin, dropping its value from $362 to $339 in 24 hours
• The drop in the cryptocurrency amid the growing demand of $XMR as cross-chain swap activities for Monero are growing in the first quarter of 2026
• $BTC-to-$XMR swaps have become the major trading pair on various platforms, accounting for over 3.6% of all swaps

Amid the chaotic situation in the financial world, Monero ($XMR), the popular privacy coin, plunged by over 5% on Tuesday, declining its value from $362 to $339 on a daily chart.

At the moment, the cryptocurrency’s price is revolving around $339.67 with a market capitalisation of $6.28 billion, according to CoinMarketCap. The shocking part of this drop is that it comes when the demand for Monero ($XMR) cryptocurrency reached an all-time high.

Monero ($XMR) Privacy Demand Hits New Peaks in 2026

According to fresh data on non-custodial swap platforms and reports, cross-chain swap activities for Monero are growing in the first quarter of 2026. $BTC-to-$XMR swaps have become the top trading pair on many instant-exchange sites, which sometimes accounts for over 3.6% of all swaps.

Monero itself is now among the most-swapped cryptocurrencies, which accounted for around 16% of activity across platforms. According to the official data, privacy-based swaps, including $XMR pairs, have reached their highest share ever at 5.55% of total crypto swaps.

Apart from this, daily Monero transactions on its own network are holding steady above 40,000, which is near all-time highs. The network’s hash rate is also increasing, which is showing strong user and miner support.

Amid the rise in fear of privacy-based assets, many people are worried about privacy. Governments around the world are establishing strict regulations for the crypto sector. Recent developments in laws in the EU, U.S., and other countries are asking for the sharing of details of transfers, and tracking tools can easily follow Bitcoin transactions.

Not just this, data breaches on big exchanges have also exposed user info. These kinds of cases have raised safety concerns. As a result, many are adopting Monero for real financial privacy.

Platforms like GhostSwap are playing a crucial role in this to meet the growing demand by providing no-KYC swaps between Bitcoin and Monero using atomic swap technology and decentralised liquidity pools.

Technically speaking, the current outlook for Monero is looking neutral to slightly bearish in the short term. Major platforms like TradingView are showing a strong sell signal based on moving averages despite the growth in their demand. The Monero price is now trading below major short-term lines such as the 10-day, 20-day, and 50-day exponential moving averages.

The Relative Strength Index (RSI) is revolving around 45 to 51, which is in neutral territory and suggests there is still room for movement without being overbought or oversold. The MACD indicator is showing less selling pressure in recent readings, while oscillators are still in a neutral state.

For Monero, there are major support levels seen around $320 to $340, where the price may find buying interest if the decline continues. There are strong support levels that revolve around $300. On the upside, resistance is noted at $370, which is a level that has rejected the price multiple times recently. This is a level that has rejected the price multiple times recently, followed by tougher hurdles at $380 to $400. The chart is showing consolidation after a pullback with good network performance, like steady transactions.

The overall crypto market is struggling to break the consolidation zone. After soaring above $70,000 in the past week many times, the Bitcoin ($BTC) price failed to sustain a rally and quickly plunged below this support level.

Also Read: Pi Token Price Slides Amid Thin Volume and Market Caution

Source