The crypto market is kicking off the week with notable momentum, led by Flare (FLR), Monero (XMR), and Zcash (ZEC). These three tokens are standing out for their recent gains, with Flare’s partnership with Uphold drawing particular attention for its potential to bring new DeFi opportunities to XRP holders.
Flare and Uphold: Bringing DeFi to XRP
Flare Network has surged ahead after announcing a partnership with Uphold, a well-known crypto platform. This collaboration aims to introduce yield opportunities for XRP holders, allowing them to earn passive income through Flare’s FAssets system. The FAssets mechanism is designed to let assets like XRP participate in decentralized finance (DeFi) even though XRP itself doesn’t have native smart contract capabilities .
The news has sparked a rally in FLR’s price, with the token breaking above a multi-month resistance and trading around $0.01990. Technical indicators, such as a bullish engulfing candle and a potential MACD crossover, suggest that FLR could continue its upward trend. If momentum holds, the next resistance levels to watch are $0.02250 and $0.030, while support sits at $0.01823 and $0.01370 .
FLR/USDT daily price chart. Source: Tradingview
Privacy Coins: Monero and Zcash Bounce Back
Privacy coins are also making headlines. Monero (XMR) and Zcash (ZEC) both saw strong gains over the weekend, each rising more than 5% on Sunday. Monero, trading near $344, reversed a recent downtrend with a classic morning star pattern and found support at its 50-day EMA. The technical outlook points to a possible move toward $365, with key support between $307 and $313 .
Zcash, meanwhile, is trading at $52.73 after a 10% jump over two days. The coin is approaching a resistance zone at $56, and a breakout could open the door to a move toward $65. The RSI at 62 and a positive EMA crossover signal renewed bullish momentum, while support remains at $46 and $40 .
XMR/USDT daily price chart. Source: Tradingview
ZEC/USDT daily price chart. Source: Tradingview
What’s Driving the Rally?
• Flare’s partnership with Uphold is unlocking new DeFi and yield options for XRP holders, expanding the utility of both networks .
• Technical signals for FLR, XMR, and ZEC point to potential continued gains, with each token breaking or testing key resistance levels .
• The broader crypto market is holding above important support zones, giving layer-1 and privacy coins room to run.
Key Takeaways
• Flare is leading the current rally, fueled by its new partnership and DeFi ambitions for XRP.
• Monero and Zcash are rebounding from recent lows, with technical setups favoring further upside.
• These trends highlight growing interest in both DeFi innovation and privacy-focused cryptocurrencies.
For more on these tokens, check out the latest prices and charts for Flare Network, Monero, and Zcash.
