Monero (XMR) has surged past the $400 mark as of November 23, 2025, marking a significant gain in the cryptocurrency market. This rise positions Monero as the top performer among digital assets, despite facing regulatory challenges such as delistings and bans in certain European regions. The cryptocurrency's price increase is attributed to its resilience and independence, bolstered by strong spot buying activity rather than leveraged trades. Monero's limited presence on major exchanges and its focus on privacy-centric transactions have contributed to its appeal, driving demand through peer-to-peer trading channels.