# Monero Price Prediction: XMR Topped $600 After Peter Brandt Turned Bullish

> Monero price surged past $600 after Peter Brandt endorsed it as his favorite crypto, but $261m in open futures positions could trigger a rapid retreat.
- Title: Monero Price Prediction: XMR Topped $600 After Peter Brandt…
- Summary: Monero price surged past $600 after Peter Brandt endorsed it as his favorite crypto, but $261m in open futures positions could trigger a rapid retreat…
- Keywords: monero, xmr, peter brandt, crypto, price prediction, futures positions, market cap, dogecoin, all-time high, leverage, Price, Prediction
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/10/19/monero-price-prediction-xmr-topped-600-after-peter-brandt-turned-bullish-is-it-too-late-to-buy
- Author: Sam Daodu
- Published: 2026-10-19T14:00:19+00:00
- Read time: 1 min
- Topics: monero, xmr, peter brandt, crypto, price prediction, futures positions, market cap, dogecoin, all-time high, leverage
## Monero Price Surges Past $600
Monero (XMR) recently crossed the $600 mark, reaching a 24-hour high of $606 as of October 19, 2026.
## Peter Brandt Endorses XMR as Favorite Crypto
Peter Brandt, a veteran chart analyst, named Monero his favorite cryptocurrency in an October 6 post.
## XMR Trades Near $600 with $261m Futures Exposure
XMR trades around $595 as of October 19, 2026, with $261 million in open futures positions.
## XMR Needs 12% to Pass Dogecoin Market Cap
To overtake Dogecoin, XMR needs a 12% price increase, as Dogecoin has a market cap of approximately $12.4 billion.
## XMR 25.4% Below All-Time High of $798
XMR is currently 25.4% below its all-time high of $798, reached on January 14, 2026.
## XMR Absorbed Overhead Supply Per Brandt
Peter Brandt believes XMR has absorbed much of its overhead supply, suggesting less selling pressure than XRP and Ethereum.
## XMR Futures Traders Hold $261m in Positions
As of October 18, 2026, XMR’s open interest stands at $261 million, indicating $261 million in trader investment.
## XMR Price Action Could Trigger Rapid Decline
If XMR falls below $573, the $600 breakout may fail, and $261 million in open interest could worsen any decline.
## Key takeaway

Monero (XMR) reached $606 after Peter Brandt called it his favorite crypto, but $261 million in open futures positions risks a quick price drop.