ETF Hopes Ignite Fresh Bullish Momentum for DOGE and XRP, Social Data Shows
Traders are turning increasingly bullish on Dogecoin (DOGE) and XRP as optimism over ETF approvals fuels a rebound in market sentiment. Social analytics firm Santiment reports a noticeable spike in positive chatter, signaling rising investor confidence in both assets.
Despite a recent SEC delay in decisions on spot ETF proposals for DOGE and XRP — now expected by June 17 — traders remain upbeat. Technical indicators show clear accumulation patterns, reinforcing the bullish outlook.
XRP discussions, though down in volume, are overwhelmingly positive. On prediction markets like Polymarket, expectations for a spot XRP ETF approval by the end of 2025 have jumped from 65% to 85% in just two months.
Dogecoin has seen an even sharper sentiment turnaround. After a quiet start to the year, DOGE’s social dominance surged following April ETF filings by 21Shares and Bitwise. The renewed attention is being bolstered by endorsements from the Dogecoin Foundation and the House of Doge, helping reposition DOGE as more than just a memecoin.
“Whale accumulation and rising credibility around DOGE are changing its market narrative,” Santiment noted.
Meanwhile, major tokens like Ethereum (ETH), Solana (SOL), and BNB are showing mixed sentiment, even as Bitcoin pushes past the $97,000 mark heading into the weekend.
