Monero (XMR) is testing the $422 resistance level, a significant barrier that has historically led to major declines. This week, Monero surged over 20%, fueled by profit rotations from Zcash and $12 million in short liquidations. Analysts believe that repeated rejections at this level could eventually turn it into support. The recent rally is also supported by a multi-year 'cup and handle' breakout pattern and anticipation of a 2025 network upgrade, which are driving renewed investor interest. A successful break above $422 could pave the way for Monero to approach its previous all-time highs.