According to reports from AMBCrypto, XDC Network climbed to $0.03584 after gaining 12.98% over the last 24 hours, while trading volume expanded 30.62% to $33.42M. The sharp increase followed months of compressed price action inside a broad consolidation structure. Buyers continued defending the lower range near $0.0292 throughout April and early May before aggressive demand returned this week, pushing the price toward the upper boundary of the range.
As reported by AMBCrypto, market capitalization also rose 12.98% to $736.58M, reflecting stronger capital inflows into the asset. At the time of the rally, the Open Interest climbed 12.47% to $5.78M as derivatives traders increased exposure during the rally. The rise in Open Interest alongside price expansion suggested fresh positioning entered the market instead of temporary short-covering activity, with traders building exposure after XDC rebounded from the lower support region.
According to AMBCrypto, price approached the critical $0.0372 resistance after rebounding strongly from the $0.0292 support zone. The chart showed that XDC spent several months trading inside this range before buyers regained control during May. Recent candles pushed directly into the upper supply region, reflecting stronger buying pressure across the structure. A successful breakout above $0.0372 would likely expose the broader resistance around $0.0500, representing roughly 35% upside from current levels.
As reported by AMBCrypto, the Relative Strength Index climbed to 74.56 while its moving average remained near 52.69, reflecting aggressive bullish acceleration across the latest rally. RSI spent most of the previous months fluctuating below neutral conditions before the indicator expanded sharply during May. The resistance zone still remained significant because previous recovery attempts failed near the same level earlier this year, with sellers continuing to defend the upper boundary aggressively.
