Monero's Market Position and Analyst Insights
Monero (XMR), the leading privacy-focused cryptocurrency, is gaining attention as Altcoin Sherpa, a prominent crypto analyst, recently highlighted it on his watchlist. In a post, Sherpa shared a chart showing XMR’s price action, noting its potential for sustainability among privacy coins. Despite a recent pullback following a double-top formation, he suggests the upward trend may not be over—unless Bitcoin experiences a significant downturn. This crypto analysis comes at a time when privacy coins are under scrutiny, making XMR’s robust fundamentals a key talking point.
Technical Patterns and Privacy Fundamentals
Sherpa points out XMR’s strength lies in its privacy features, such as ring signatures and stealth addresses, which ensure untraceable transactions. Unlike many altcoins riding the wave of recent beta movers like Zcash (ZEC), XMR stands out for its battle-tested technology and community support.
$XMR is high on my watchlist, it's actually 1 of the few betas that could actually have some sustainability. I know that $ZEC's run spawned a bunch of beta movers but XMR is the one that might be more 'fundamentally sound' for privacy. 1 issue is that there really isn't a robust… pic.twitter.com/1AFHOYL8aJ
— Altcoin Sherpa (@AltcoinSherpa) November 9, 2025
However, he cautions about the lack of a robust spot market, with trading largely confined to perpetual futures (perps), which could limit liquidity. Investors are advised to wait for a pullback before entering, given the recent +30% daily candle that might attract impulsive buyers.
Market Liquidity: Spot vs. Perpetuals
The broader context shows privacy coins gaining traction in 2025 amid rising data privacy concerns. While XMR faces challenges, including regulatory attention and tracing efforts by agencies like the IRS, its decentralized nature and resistance to ASIC mining keep it resilient.
Sherpa’s technical analysis, combined with XMR’s fundamentals, positions it as a coin to watch, especially if Bitcoin holds steady. For now, the market awaits further price action to confirm the next move.