Meanwhile, the move has occurred against a backdrop of mixed broader market action. $XDC is trading at $0.03397, with a 24-hour volume of about $18.6 million. The main driver was a memorandum of understanding announced the week prior, signed Oct. 20 and released Oct. 21.
South Korea’s stablecoin providers Shinhan Card, SBI VC Trade and SBI $XDC Network APAC signed an agreement to examine the application of yen-denominated stablecoins for retail payments, especially by Japanese travelers in Korea, wallet-to-wallet transfers and cross-border trade settlement. The agreement also mentioned the possible involvement in the $XDC Network node ecosystem and infrastructure studies.
However, it is a clear exploratory as both parties planning proof-of-concept work have not mentioned a particular stablecoin or specified a commercial launch date, and have not identified $XDC as the sole settlement rail.
$XDC Price Rally: Is Stablecoin Adoption Fueling a Breakout or Short-Term Speculation?
The key question is whether the rally is an indication of ongoing capital allocation or a short-term response to an agreement in its early stages. Exploratory announcements often result in short-term price moves on less liquid tokens, but don’t necessarily signal sustained demand.
Market data is suggesting the short-term view. Spot trading volume increased by about 59%, although trading volumes are still small compared to $XDC’s market cap of about $740.08 million. Open interest remained light, with tracked values in the low to middle single-digit millions of dollars with a slight temporary high around the announcement date, easing down.
In addition, supply dynamics temper the long-term demand thesis. Circulating supply is 21.48 billion $XDC, while total supply is 38.1 billion $XDC, roughly 52% circulating. The relatively high remaining supply is indicative of potential future overhang that could negatively affect the ability to appreciate prices due to strong demand without usage growth.
$XDC Price Breakout Analysis: Can Trading Volume, $XDC/$BTC Strength, and Market Momentum Drive Next Rally?
The technical and fundamental analysis of the $XDC Network indicates that recent rallies on catalyst events have garnered market attention, but a sustained breakout will require careful consideration of on-chain liquidity, technical metrics, and macro conditions.
$XDC’s daily trading volume recently surged to $25 million for a short duration as a result of localized rallies. But maintaining a rally needs consistently high volume. The volume has also often subsided in the last days, dropping to the $14M-$20M level, indicating low conviction in the near-term pump attempts.
For a true bullish extension, volume must structurally settle above $25M–$30M daily during green days to prove that institutional and retail buyers are actively absorbing selling pressure rather than executing short-term profit-taking.
Historically, $XDC/$BTC has been in a long accumulation phase, which often saw oversold scenarios on higher timeframes. For $XDC to enter a full-fledged rally, it must sustain a string of higher lows against Bitcoin rather than giving back its alpha within 48 hours. That said, a daily close above $0.03358 will signal a breakout, while a drop below $0.03272 will invalidate the uptrend.
Related: $XDC Price Surges to 52-Week High Amid SBI VC Trading Collaboration
Related: $XDC Network ($XDC) Price Prediction 2025, 2026, 2027, 2028-2030
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