After a week of consolidation, XDC made a strong move upward, fueled by new partnerships designed to boost adoption.
According to data from Crypto.news, XDC Network (XDC) surged 10% to hit an intraday high of $0.072 on March 20 during the afternoon trading session in Asia. This breakout pushed it past the $0.07 resistance level that had held for the past week.
At the time, XDC’s market cap stood at over $1.1 billion, while daily trading volume spiked 25%, hovering near $40 million.
XDC’s gains today came as excitement built around its latest partnership with Mercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges.
The two firms have teamed up to expand the real-world asset token market, leveraging XDC Network’s blockchain infrastructure to bring MB’s tokenized investment products to a global audience.
XDC investors are reacting positively to the news, seeing it as a move toward wider institutional adoption of tokenized assets with the total market cap of RWA tokens, excluding stablecoins, now standing at $18.3 billion, according to data aggregator RWA.xyz.
Additionally, XDC is gaining traction from another major development— the launch of the XDC Payments Program in Seoul. In partnership with PlugAndPlay APAC, this initiative aims to connect Korea’s top Web3 startups, developers, and innovators with XDC Network’s enterprise-grade blockchain solutions.
Given South Korea’s booming blockchain ecosystem, this launch is expected to drive further adoption and visibility for XDC.
PlugAndPlay has also announced the first-ever XDC Network RWA Accelerator, set to launch on March 18, 2025. Out of 100 applicants, 11 top projects have been selected to integrate with XDC Network, pioneering new use cases in RWA tokenization.
XDC price analysis
Technical indicators suggest the XDC could see more gains over the coming days.
On the 4-hour USDT chart, XDC has broken past the $0.07 resistance level that held for the past week.
The altcoin also looks like it’s gearing up for a major bullish reversal, as it’s on the verge of breaking out of the descending parallel channel it’s been stuck in for nearly five weeks. If it clears this level with strong momentum, we could see a solid uptrend forming.
The Aroon Up indicator is at 92.86%, while the Aroon Down sits at 42.86%, confirming strong buying pressure and signaling a dominant bullish trend. On top of that, the MACD lines are pointing upward, indicating that buying momentum is outweighing selling pressure, further supporting the bullish outlook.
If XDC breaks above the descending parallel channel, it is expected to continue its rally to test the $0.080 psychological resistance level. A successful breakout above this level could push the altcoin even higher, potentially retesting the $0.103 level it last reached in mid-February this year.
At press time, XDC was up 6.3%, exchanging hands at $0.070 per coin.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
