Dogecoin and Ripple Prepare for Rally with ETF Expectations: Significant Increase!

The increasing optimism towards spot ETF applications for Dogecoin (DOGE) and XRP is supported by positive comments on social media.

Recently, ETF applications for Dogecoin (DOGE) and Ripple’s token XRP have positively reflected on investors' social media shares, increasing optimism in the overall market. According to data from the crypto analysis firm Santiment, a significant increase in positive comments has been observed on social platforms in recent weeks.

The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on DOGE and XRP spot ETF applications to June 17, while the prevailing view in the market indicates an 85% probability that the ETFs will be approved by the end of 2025. According to Polymarket data, this figure was only 65% two months ago.

Particularly noteworthy are the developments on the Dogecoin front. Following the DOGE spot ETF applications made by 21Shares and Bitwise in April, the cryptocurrency's dominance on social media reached its highest level in three months. Santiment indicates that Dogecoin is starting to be seen as a serious investment option, breaking away from its classic meme coin perception.

The ETF applications supported by House of Doge and the Dogecoin Foundation have increased institutional interest in DOGE. Additionally, reports of large investors (whales) heavily buying DOGE have strengthened positive chart signals in technical analysis. This situation points to a possible new bull season for Dogecoin.

On the other hand, XRP investors maintain strong bullish expectations despite a decline in overall social media discussions.

While social signals for cryptocurrencies like Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) appear complex, Bitcoin rose above the $97,000 level again on Friday morning, boosting the morale of its investors.