Zebec Network price extends its rally on Uphold backing and potential collab with Ripple

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.

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.

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.