XDC price has been in a consolidation phase over the past week, but several new bullish developments surrounding the XDC network could position it for growth in the coming sessions.

According to data from crypto.news, XDC Network (XDC) dropped to an intraday low of $0.075 on Sep. 23, morning Asian time, before recovering back to $0.07, up 2.5% over the day. The token had been trading within a narrow range between $0.074-$0.079 over the past 7 days, marking a period of consolidation that began after it hit its August low following weeks of downtrend.

At press time, several bullish catalysts have lined up that could potentially lead XDC to break out from its consolidation over the coming days, but its technicals remain weak, partly due to poor market sentiment following over $1.79 billion in liquidations yesterday, and Bitcoin’s (BTC) drop to a multi-week low.

On the daily chart, XDC price had invalidated a falling wedge pattern that had been forming since late July.

A breakout from such a pattern typically signals a bullish reversal in an asset’s price. In XDC’s case, however, the setup was invalidated, a sign that bears were strongly dominating the market and preventing bulls from establishing any decisive upside momentum.

A look at the 50-day simple moving average metric also hints that the token is likely to face continued selling pressure in the short term before any potential improvement.

On top of that, the Supertrend indicator appears to confirm this outlook, flashing a red signal, another telltale sign of more selling pressure in the short term.

For XDC, the key support level stands at $0.073 near its 200-day SMA, with a break below this point likely opening the door to further losses. On the contrary, if bulls manage to push the price above $0.081, the 50-day SMA, it could signal the beginning of a bullish reversal for the token.

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XDC price to benefit from bullish fundamentals 

Over the past few days, the XDC network has unveiled a number of ecosystem-related developments that could help the XDC token break out of its current consolidation phase once market sentiment improves and buyers step in.

First, the MiCA Crypto Alliance, a compliance-focused industry group, has unveiled a whitepaper that ensures the XDC Network can be traded and accessed transparently under the EU’s MiCA regulation. For XDC community members, the whitepaper serves as a source of reassurance that the project is stressing regulatory compliance, which is often a factor that can help improve trader sentiment.

Another key development for the XDC network has been the launch of the prominent stablecoin USDC, which was expanded to its network on Sep. 17. The stablecoin is expected to improve the network’s overall liquidity. Further, the availability of a regulated, dollar-pegged stablecoin like USDC unlocks new opportunities for XDC’s focus areas, including global trade finance, RWA tokenization, and enterprise payments.

Subsequently, native USDC on XDC network was also made available across two new crypto wallets. (See below.)

According to data from DeFiLlama, the market cap of stablecoins on the XDC Network has surged 110% in the past 7 days, with USDC being the most dominant stablecoin, commanding 60.56% of the market share.

XDC Network is also sponsoring the Global Digital Asset Regulatory Summit 2025, which is hosted by the Digital Economy Council of Australia, and this could help boost the project’s visibility, which in turn can draw in investor interest.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.