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Monero builds momentum, eyes $600 after breaking $558 resistance

Monero (XMR) has moved above the $558 resistance level and is eyeing $600. XMR rose about 4 percent over 24 hours and is now trading above $592, with attention on whether the rebound is short-lived or leads to further gains. The rally began in August after XMR broke $410. A THORChain upgrade expanded swap routes, while exchange supply fell as investors moved holdings to private wallets. Signs of overheating and EU delisting pressure through 2027 remain risks.