Monolith Soft confirms they are already working on a new game!

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TheLastStarFighter said:
I hope it's another Xeno- game, but without the Xeno in the title. I think the Xeno name limits the series' appeal. It sounds too niche sci-fi. Xenoblade should have been called Monado, its original name.

The story in XCX is set up as a introduction and the next titles should be direct sequels.