Monero (CRYPTO:XMR), the privacy-focused cryptocurrency, has witnessed a remarkable recovery, surging by 37.8% against the U.S. dollar in the past 30 days.

Following a significant low in mid-April, XMR's price has steadily climbed, with a 7.7% increase in the last 24 hours alone.

Despite challenges, such as delistings from centralised exchanges and fluctuations in hashrate due to crackdowns on cryptojacking operations, XMR's trading volume has doubled in 24 hours, reaching approximately $128.82 million.

Technical indicators suggest a strong bullish trend, though caution is advised as the relative strength index (RSI) approaches overbought levels, indicating a potential pullback.