Monero (XMR) is in the green today, defying the overall market trend over the last 24 hours. At the time of writing, Monero has gained 2.19% to trade at $295.98. A surge has followed Monero’s price action, as evidenced by increased intraday trading volumes.  Monero trading volumes have increased by 27.72% to $131.32 million. This is an indicator that bullish momentum is on the rise, and investors expect Monero to continue its upward trend into the future. There are several factors that support Monero’s upside momentum in the short to medium term.