$XRP

Why has the price of XMR dropped?

Brief breakdown

Monero fell by 7.39% in the last 24 hours to $481.57, extending a strong weekly decline of 18.29%. This sharp drop contrasts with its solid gains over the last 90 days and the year, indicating a short-term correction driven by specific factors. Here are the main reasons:

Ban on privacy coins in India – The Financial Intelligence Unit (FIU) of India ordered exchanges to remove Monero, Zcash, and Dash on January 24, 2026, creating immediate selling pressure and regulatory fears.

Technical breakdown – The price fell below key moving averages, with the MACD histogram at -15.43 signaling an increase in bearish momentum and the RSI at 47.15 showing neutral but weakened conditions.

Overall risk aversion sentiment in the market – The total crypto market capitalization dropped by 0.96%, with the Fear and Greed index at "Fear" (34), reducing interest in higher-risk assets such as privacy coins.

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