XDC Network (XDC) rose sharply by 12% after Binance U.S. confirmed its listing, with trading officially beginning today. The rally pushed XDC to test the key psychological and technical level of $0.10, marking the peak of an 80% rally from its year-to-date low of $0.055253 recorded in late June. While the price has slightly pulled back, XDC remains in a healthy uptrend and is currently trading at $0.098.
The ongoing correction is seen as a natural retracement within a strong bullish structure. The token continues to hold firmly above its 20-day exponential moving average, which has acted as dynamic support throughout the recent advance. The area between $0.085 and $0.088, previously a resistance zone, now aligns with both the ascending trendline and the EMA, forming a new key demand zone.
If this area holds, buyers may regain control and push XDC back above the $0.10 mark. A successful breakout from this level could open the path toward the next resistance zones near $0.11 and $0.12. However, failure to defend $0.085 could result in a deeper correction back to the $0.080 level.
Cross-Chain integration sparks utility-driven demand
The rally is largely attributed to XDC’s cross-chain integration with LayerZero, which officially launched on July 9. This upgrade enabled zero-slippage bridging between XDC and major blockchains such as Ethereum and Solana. With $2.9 billion in gas tokens backing its utility, the move sparked both speculative activity and long-term accumulation driven by real use cases.
At the same time, institutional demand is gaining momentum. The 21Shares XDC Network ETP began trading earlier this month on Euronext Paris and Amsterdam. Additionally, XDC’s new partnership with Archax, a regulated digital securities exchange and custodian, marks a major step toward alignment with the EU’s MiCA framework, reinforcing investor confidence and regulatory readiness.
XDC continues to present a compelling narrative for traders and institutions alike. As long as the $0.085–$0.088 zone holds, the broader outlook remains bullish, with a potential breakout above $0.10 acting as the next catalyst for upward momentum.
