Monero Jumps 40% as XRP Takes the Lead in Crypto Market Rally

Monero Soars 40% as Crypto Markets Climb, XRP Leads Majors on ETF News

Cryptocurrency markets saw modest gains on Monday, with Bitcoin (BTC) pushing past $94,000 and the CoinDesk 20 index—tracking the top digital assets—rising 2.2% by mid-European trading hours.

XRP led the rally among major cryptocurrencies, jumping nearly 7% following news that ProShares will launch three futures-based XRP ETFs on April 30, following recent SEC approval. Cardano (ADA) gained over 3%, BNB rose 1%, and Ether (ETH) traded flat.

The biggest mover of the day, however, was privacy-focused Monero (XMR), which surged over 40% to a peak of $371—its highest level since May 2021—before pulling back to around $264, still up 15% in 24 hours.

XMR’s trading volume exploded, jumping from a weekly average of $50 million to over $220 million in the past day.

Analyst ZachXBT flagged a potential catalyst: a suspicious on-chain transaction involving 3,520 BTC (worth $330.7 million) being converted into XMR. The sudden influx of demand for the thinly traded privacy coin likely drove the price spike.

Monero, known for its strong privacy features, runs on the CryptoNote protocol, ensuring that transactions remain untraceable and unlinkable.

Cautious Optimism Amid Macro Uncertainty

Market sentiment carried a cautiously bullish tone into the new week, despite lingering macroeconomic concerns.

“Bitcoin has maintained stability above $92,000 as the Trump administration takes a softer stance on crypto-related tariffs,” said Jupiter Zheng, Partner at HashKey Capital, via Telegram. “This friendlier approach could help decouple digital assets from U.S. equity markets and support greater innovation and independent growth.”

Global equity markets offered mixed signals. A key regional index rose 0.6%, while S&P 500 futures slipped by the same margin—threatening to end a four-day U.S. stock rally. Gold eased after last week’s record highs, and major Asian indexes, including Hong Kong’s Hang Seng, remained flat.