The privacy-centered coin Monero (XMR) has seen some price growth these past few days and is now beginning to inch toward a new local high. Monero Trades at $213 In the last 12 months, market observers have spotted that it outperformed major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). According to CoinMarketCap data, XMR is trading at $213.66 , following a 0.62% price increase within the last 24 hours. Before finally resting at this level, the coin climbed to $216.3, representing a 110% spike from its lowest level in 2024. XMR went from trading at a low of $102 in February 2025 to hitting $215. The coin has remained above the 50-week Exponential Moving Average, a sign that bulls are in control. Some technical indicators, including Stochastic RSI and Momentum, are pointed upwards, suggesting an incoming bull season. This trend will likely continue in the coming weeks and probably get the coin to hit $290, like it did in April 2022. Markedly, the positive momentum in the Monero ecosystem is catalyzed by several factors, including Tornado Cash’s woes. Tornado Cash and OFAC Sanction In 2022, the crypto mixer was sanctioned by the Treasury Department’s Office of Foreign Assets Control, or OFAC, for its role in laundering over $7 billion in crypto from illicit activities. This case also put privacy-focused coins under the radar of the US authorities. However, the case took a different turn in 2024 when a judge ruled that OFAC had erred when it implemented sanctions on the company. The judge cited Tornado Cash’s autonomy and smart contracts, stating that these make it illegible to the purview of the International Emergency Economic Powers Act. In the long run, the US Treasury Department was forced to lift the sanction , making the crypto mixer service available to US residents. This singular act triggered Monero’s rise to stardom. Woes Faced by Privacy-centered Cryptocurrencies The situation with Tornado Cash and the United States Treasury Department has negatively impacted this category of digital assets. Exchanges like Binance, Coinbase, Kraken, OKX, and HTX even delisted Monero from their platforms. As a result, it was left with trading on small exchanges like Bitifinex, MEX, and KuCoin. With the reinstatement of Tornade Cash , most of these popular crypto exchanges may decide to relist XMR, although no announcement has been made. Dash (DASH), Zcash (ZEC), and Horizen (ZEN) may also be impacted. The post Monero (XMR) In Spotlight Amid Favorable Ruling for Privacy appeared first on TheCoinrise.com .