Dogecoin and XRP ETF Sentiment Rises Amid Positive Social Data
Sentiment is improving for exchange-traded funds (ETFs) related to Dogecoin and XRP, according to social data from Santiment. Key points include:
- Positive online discussions favor XRP, with bullish sentiment rising despite a decline in overall discussions.
- The likelihood of spot XRP ETF approval by the end of 2025 has increased from 65% to 85%.
- Confidence remains high despite the SEC's delay on DOGE and XRP ETF rulings until June 17.
- Technical analysis indicates strong accumulation patterns for both tokens.
- Social attention for Dogecoin surged after recent ETF filings by 21Shares and Bitwise, reaching a three-month high.
- The House of Doge and Dogecoin Foundation support enhances credibility for DOGE’s ETF application.
- DOGE is transitioning from a "memecoin" perception to a more serious investment option.
- Whales are accumulating DOGE, indicating potential new growth phases.
- Other tokens such as Ethereum, Solana, and BNB show mixed social signals while Bitcoin recovers above $97,000.