The CEO of Ripple Labs described meme coins as having “overvalued” worth, but the exception of Dogecoin from that sparked speculation about his opinions; is the price of DOGE about to rise soon?
Brad Garlinghouse - the CEO of Ripple - has retracted his hostile stance towards Dogecoin (Dogecoin-DOGE), which has enhanced its price prospects as it has gained institutional praise as an asset with strong investment liquidity; speaking at the Ripple Apex event, he claimed that what many consider merely a manipulation tool has become more than just a meme coin, as he retracted his classification of it as one of the “fraudulent rug pull practices for quick wealth,” describing it as having become “one of the pillars of the technical system of the sector and having a pivotal role.” Referring to Elon Musk's continued support for the meme coin leader, Garlinghouse stated that Musk supported “Dogecoin with strong and sustainable liquidity.”
“I used to speak not so kindly about Dogecoin… was created as a joke, right?” ~ #Ripple CEO @bgarlinghouse pic.twitter.com/pEB91t3KiP
— The Crypto Times (@CryptoTimes_io) June 12, 2025
Although he did not touch upon the idea of a partnership, his new stance reflects a clear shift in the position of a figure who has long served as a face for the institutional sector, which may pave the way for an increase in institutional adoption. With increasing speculation about the approval of a Dogecoin exchange-traded fund (Dogecoin ETF), Garlinghouse's comments may be seen as a precursor to its near realization, solidifying its status in discussions of “the best cryptocurrencies to buy.”
Dogecoin price predictions: Can institutions give DOGE a strong boost?
Even without its cooperation with Ripple, DOGE's price may be on its way to experience an upward wave due to its continued four-year movements forming the bullish cup and handle pattern.
A chart showing the weekly price movements of the DOGE/USDT pair indicates its approach to breaking the technical cup and handle pattern. Source: TradingView/Binance. Currently, DOGE's price movements are relatively stable within the descending channel formed for the handle portion, while the rapid approach to the convergence area reflects the possibility of a price surge in the upcoming weeks.
The main support level corresponding to the Fibonacci retracement level of 0.236 and the extended support trend line has prevented DOGE's price from dropping whenever it touched it since September, but it is currently nearing a crossover with the resistance barrier of the price channel, suggesting that a strong breakout may soon push the price to reach the Fibonacci extension target of 1.618 at $0.75, which would then provide abundant gains of 300% compared to current levels.
Perhaps the anticipated deadline on June 15 regarding the decision to establish a Dogecoin Spot ETF in the United States is the awaited catalyst for this surge, which would open the door for strong institutional investments if approved.
#Dogecoin eagerly awaits SEC ETF rulings in June.
Approval odds near 80%. pic.twitter.com/nD3d0bvkmF
— dogegod (@_dogegod_) June 12, 2025
Additionally, momentum indicators reflect investments coming from small investors as the Relative Strength Index (RSI) reading stabilizes at 45 after retreating from the mid-range, and the MACD indicators are nearing crossover, indicating a potential gain in momentum.
While the technical settings for DOGE's price have not yet given a decisive buy signal, they remain far from negative, especially as this fragile balance suggests that any sudden increase in trading volumes accompanied by improved general sentiment could tip the scales; if the extended support level turns into an accumulation base, DOGE's price may finally complete the handle portion and resume its long-term upward trajectory.
The post Expectations for DOGE price after the Ripple CEO admitted his mistake regarding Dogecoin; do we expect an imminent partnership between them?
