ZBCN has rallied over 130% in the past week, fueled by backing from Uphold and hints at a potential partnership with Ripple.
Zebec Network (ZBCN) price is up over 20% in the past 24 hours, currently trading at $0.0057, marking a continuation of its breakout rally that began on May 21, when ZBCN decisively broke above the $0.0022 resistance level. Despite a brief pullback on May 27, when traders moved to lock in profits, the dip was swiftly bought up and the token kept rallying to a peak of $0.0059 today. This marks a gain of over 130% from its May 21 opening price of $0.0025.
Source: TradingView
ZBCN’s recent price rally appears to be driven by the developments discussed during a May 21 X space co-hosted by Zebec Network and Uphold. During the event, Uphold’s Head of Research, Dr. Martin Hiesboeck, disclosed that Uphold holds over $35 million worth of ZBCN. He also confirmed that Uphold is planning an airdrop campaign for users who hold ZBCN on the platform.
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Some comments during the discussion and in subsequent coverage by crypto YouTuber Mr. Foresight suggested that Zebec has been in contact with Ripple (XRP) regarding a potential collaboration. Although no formal partnership has been announced, the possibility of such a relationship likely ignited the recent ZBCN rally.
Zebec Network offers programmable payment infrastructure, including payroll, DAO disbursement tools, and streaming payments. It also recently launched a crypto debit card powered by Mastercard. These features differentiate it from Ripple’s current focus on institutional liquidity and cross-border payments, suggesting potential complementary use cases.
From a price action perspective, the ongoing rally may be nearing short-term exhaustion. The RSI is currently at 77, indicating overbought conditions, while trading volume has subsided significantly. This suggests that a period of consolidation or pullback is likely in the near term.
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