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Is XDC Price Set to Reach Its Yearly High of $0.10?

source-logo  thenewscrypto.com 06 January 2025 09:47, UTC
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  • $XDC price rose 12.31% in 24 hours, approaching $0.10 after trading between $0.066 and $0.080.
  • $XDC Network recorded an intraday high of $0.9870 with a market cap of $1.46 billion.

Bitcoin’s recent recovery above the $99K zone has sparked renewed optimism in the cryptocurrency market. As BTC rebounds, altcoins are showing signs of life, with several tokens experiencing notable gains. One such altcoin, $XDC Network ($XDC), has caught the attention of investors, registering an 12.31% increase in price over the past 24 hours.

After several weeks of trading within the $0.066 to $0.080 range, $XDC is now approaching its yearly high of $0.10, which was recorded on 11th December. At the start of January 6, $XDC was trading around $0.09870 but saw a brief dip to $0.093. However, the altcoin quickly recovered to $0.098, signaling a positive shift.

The $XDC Network’s recent surge was triggered by several key factors, including its successful $XDC 2.0 upgrade and strategic partnerships. Notably, $XDC partnered with the ArchaX platform to focus on real-world asset (RWA) tokenization. Additionally, the collaboration with R3 has made $XDC an approved settlement token on the Corda platform, enhancing its utility and adoption in enterprise solutions.

$XDC Price and Market Overview

Since the start of 2025, the overall crypto market has turned bullish, which has further propelled bullish candles in $XDC. Currently, $XDC is priced at $0.09806 and holds a market cap of $1.46 billion. Additionally, the daily trading volume climbed 12.5% in the last 24 hours to $66.72 million. Zooming in, its weekly chart shows that $XDC has climbed over a 33% increase, further validating its price recovery.

Analyzing $XDC’s technical indicators shows bullish optimism. The $XDC price recently crossed over its 21-day Hull Moving Average (HMA) value of $0.097342. Additionally, $XDC’s price is trading above the Ichimoku Cloud, indicating strong bullish momentum. Furthermore, $XDC’s RSI value is at 73, suggesting the token is in the overbought zone. While this indicates strong buying pressure, it also signals the potential for a slight correction or consolidation soon.

$XDC Network ($XDC) Price Chart (Source: TradingView)

These factors indicate a bullish trend for $XDC in the coming days if it sustains current positive momentum. If so, $XDC’s next target is $0.10, which is a psychological resistance level. A break above this could push the price toward $0.13, potentially marking a further extension of the upward trend to $0.15 or even $0.02. However, key support levels at $0.09042 and $0.085 will be crucial in maintaining its upward trajectory.

thenewscrypto.com