Monero price prediction: Can XMR break $600 as futures open interest climbs?

Monero (XMR) has returned to the $600 price region as futures traders rebuild positions, with analysts watching whether the privacy-focused cryptocurrency can break above resistance or retreat toward $570. Summary Monero traded near $596 on October 21, declining 3.05% despite gaining 6.18% over seven days. Santiment reported $198 million in futures open interest on October 20, below September’s $208.8 million peak. Coin-denominated open interest rose approximately 22% between October 15 and 20 as XMR gained 9%. Analyst Ali Martinez identified $602 as a possible breakout trigger, with $630 as his upside target. Technical indicators show improving momentum, although resistance between $600 and $620 remains a hurdle. According to Santiment Intelligence, Monero futures open interest closed October 20 at $198 million, below its September peak, even as the number of outstanding contracts measured in XMR climbed during the preceding five days. Monero futures open interest rebounds without reaching record levels Santiment’s October 21 analysis challenged claims that Monero futures open interest had reached a record high. Its data placed the October 20 closing figure at $198 million, compar...