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Cryptocurrency News Articles

With Headlines Circling Both XRP and Dogecoin, Investors Are Watching Closely

Apr 16, 2025 at 12:00 am

As the XRP price update shows the token testing resistance near $2.12 amid legal pauses and ETF speculation

With Headlines Circling Both XRP and Dogecoin, Investors Are Watching Closely

The crypto market saw mixed movements as major tokens like XRP and Dogecoin faced varied fortunes, while a different project, BlockDAG, is confirming its multi-exchange launch at the moment presale ends.

As the dust settles on a political campaign that saw massive Dogecoin donations, the meme coin’s price has slipped to $0.13. This follows a two-day wave of selling, with 1.32 billion DOGE—worth $190 million—being dumped by whales.

The correction brings Dogecoin to levels last seen in October 2024, with critical support levels now at $0.10 and $0.06. However, there’s still a chance for a rebound with ETF optimism brewing. 21Shares, Bitwise, and Grayscale have all submitted filings for U.S.-based spot Dogecoin ETFs, which Polymarket predicts a 64% chance of getting approved.

Moreover, miners appear to be accumulating. According to recent data from DeBank, over the past few weeks, the total amount of Dogecoin held by miners has increased from 831 million to 907 million.

However, retail engagement remains low, and social volume hasn’t recovered. Without a strong catalyst, the Dogecoin price may continue to feel pressure. But if ETF approvals materialize and sentiment recovers, we might yet see a reversal.

On the other hand, the latest XRP price update shows the token testing resistance with legal and ETF factors in the background. The XRP price has slipped slightly from the recent gains, now trading at $1.9221.

A MACD golden cross on April 11 pushed the XRP price upward, and the price action shows that the price is holding the crucial support level of $2.00.

After a brief rally, the XRP price faced rejection at the $2.0860 resistance level. If the bears manage to break the $2.00 support, we might see a drop to $1.90.

The broader outlook is influenced by Ripple and the SEC agreeing to pause their appeal, which has reignited discussions of an XRP-based spot ETF. If granted, such approval would potentially increase institutional access and demand.

Despite the solid engagement, technical indicators suggest volatility.

As the dust settles on a political campaign that saw massive Dogecoin donations, the meme coin's price has slipped to $0.13. This follows a two-day wave of selling, with 1.32 billion DOGE—worth $190 million—being dumped by whales.

The correction brings Dogecoin to levels last seen in October 2024, with critical support levels now at $0.10 and $0.06. However, there’s still a chance for a rebound with ETF optimism brewing. 21Shares, Bitwise, and Grayscale have all submitted filings for U.S.-based spot Dogecoin ETFs, which Polymarket predicts a 64% chance of getting approved.

Moreover, miners appear to be accumulating. According to recent data from DeBank, over the past few weeks, the total amount of Dogecoin held by miners has increased from 831 million to 907 million.

However, retail engagement remains low, and social volume hasn't recovered. Without a strong catalyst, the Dogecoin price may continue to feel pressure. But if ETF approvals materialize and sentiment recovers, we might yet see a reversal.

On the other hand, the latest XRP price update shows the token testing resistance with legal and ETF factors in the background. The XRP price has slipped slightly from the recent gains, now trading at $1.9221.

A MACD golden cross on April 11 pushed the XRP price upward, and the price action shows that the price is holding the crucial support level of $2.00.

After a brief rally, the XRP price faced rejection at the $2.0860 resistance level. If the bears manage to break the $2.00 support, we might see a drop to $1.90.

The broader outlook is influenced by Ripple and the SEC agreeing to pause their appeal, which has reignited discussions of an XRP-based spot ETF. If granted, such approval would potentially increase institutional access and demand.

Despite the solid engagement, technical indicators suggest volatility.

In contrast to the familiar names in crypto, a different project is confirming its return with a multi-exchange launch at the moment presale ends.

This project, BlockDAG, has been rolling up its presale in batches, currently in Batch 27 with the presale price at just $0.0248. But what stands out is the launch strategy—not a gradual rollout on a few exchanges, but an arrival on 10 centralized exchanges at once.

This aggressive move is being noticed, especially with BlockDAG set to list its BDAG token on 10

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