Monero has surged to fresh all-time highs near $600, currently trading around $577 according to market data. The privacy-focused coin stands out as a top performer among the largest 100 cryptocurrencies, commanding a $10.5B market cap that ranks it 18th globally. This rally is particularly noteworthy given the coin's delisting from several major exchanges back in early 2024, which many thought would dampen momentum indefinitely.

Market optimism is running high, with analysts putting price targets in the $800-$1000 range. However, there's a cautionary signal flashing on the charts: the RSI indicator sits at 78, deep into overbought territory. This technical reading suggests the recent rally may be overextended, and pullbacks or consolidation could be coming before any next leg higher. Traders should keep a close eye on whether $XMR can hold support or if profit-taking materializes near current levels.