Zero-Fee USDC Withdrawals on XDC & Bullish 88% XDC Flag
KuCoin has launched a limited-time zero-fee USDC withdrawals promotion on the XDC Network for the first 20,000 USDC withdrawals between October 28 and November 27. This offer reduces off-ramp friction and boosts stablecoin liquidity on the XDC Network. Technically, XDC formed a bullish flag on its daily chart around $0.0616. A break and daily close above the flag’s upper trendline and the 50-day EMA near $0.0685 would confirm a breakout, targeting an 88% rally toward $0.116. Key support sits at $0.0562. Momentum indicators show a MACD bullish crossover below zero and RSI edging higher. Traders should watch for a volume-backed breakout, a sustained close above the 50-day EMA, and an RSI reading above 50 as confirmation of trend recovery on the XDC Network.
Bullish
The zero-fee USDC withdrawals on the XDC Network reduce trader costs and lower off-ramp friction, likely increasing stablecoin flows and demand for XDC. Coupled with the bullish flag breakout setup—confirmed by a potential close above the 50-day EMA, MACD crossover, and rising RSI—the news supports short-term buying interest. If price holds above key support at $0.0562 and breaks the flag top, XDC could rally toward the projected 88% upside. In the long term, sustained lower fees and ecosystem integrations may bolster network adoption, reinforcing a bullish bias. However, failure to breach resistance or a reversal below support would invalidate the setup.