Monero (XMR) Price Surges Over 10% Amid Fed Rate Cut Expectations and Privacy Coin Rotation

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Monero (XMR) climbed over 10% to $407, fueled by Fed news and a shift toward privacy coins. The fear and greed index shows growing risk-on sentiment. On-chain data reveals large Bitcoin inflows into XMR, pushing volume to top-tier levels. Technicals hint at a possible trend reversal. Price nears the $400–$420 zone, with $471 as the next key resistance.
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