Monero (XMR) has just shattered its previous record, with a fresh all-time high now standing at $596. The market is buzzing with activity as the coin shows serious upward momentum.

At the moment, XMR is trading around $570, reflecting a solid 19.17% gain over recent sessions. What's equally impressive is the trading action—24-hour volume has spiked to $346 million, climbing 238% in that same window. That kind of volume surge typically signals genuine interest, not just noise.

But here's the question everyone's asking: Does Monero have enough fuel to push even higher from these levels, or could we be looking at a consolidation phase? With this kind of momentum and volume backing the move, the next few days will be telling. Keep a close eye on how support and resistance play out around current price zones.