ETF review sparks DOGE & XRP rally

February 14, 2025

Reading time: 5 minutes

DOGE & XRP prices surge as SEC kicks off ETF review: What’s next?

Key points:

  • The SEC has acknowledged Grayscale’s ETF filings for Dogecoin (DOGE) and XRP, marking the first step in the regulatory review process.

  • DOGE jumped 7.50%, while XRP surged 7%, with growing institutional interest and technical indicators signaling potential further upside.

News - The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Grayscale’s filings for spot XRP and Dogecoin ETFs, fueling market optimism. This milestone sets a 240-day countdown for the regulatory body to approve or reject the applications, with a final decision expected by mid-October 2025.

Both DOGE and XRP rallied following the announcement, with investors speculating that ETFs could drive institutional demand.

Why it matters:

  • Dogecoin’s ETF approval chances have risen to 66% according to Polymarket, while XRP ETFs hold a 65% approval probability, per Bloomberg analysts.

  • The SEC’s shift follows its recent acknowledgment of Litecoin and Solana ETFs, indicating a more crypto-friendly regulatory stance under the Trump administration.

  • XRP’s real-world asset (RWA) tokenization on the XRP Ledger adds another bullish catalyst for the altcoin.

XRP’s RWA tokenization boosts bullish sentiment - XRP’s gains were also supported by Elysia’s launch of a real-world asset (RWA) tokenization pool on the XRP Ledger (XRPL):

  • Elysia is introducing U.S. Treasury Bill-backed tokens, allowing XRP holders to stake and earn yield.

  • This move expands XRP’s real-world use cases and attracts investors seeking yield-generating blockchain assets.

With both the ETF acknowledgment and RWA adoption, XRP is strengthening its position as a key player in institutional finance.

Institutional accumulation & market trends - Institutional activity in both Dogecoin and XRP has been increasing:

  • DOGE whale holdings have risen by over 500 million DOGE since January, indicating growing demand.

  • XRP’s derivatives market saw $4.2 million in short liquidations in 12 hours, signaling strong bullish pressure.

This suggests that big-money players are positioning themselves ahead of possible ETF approvals, further fueling price momentum.

Technical outlook & price predictions

  • Dogecoin: DOGE has broken out of an ascending triangle, targeting $0.31 as the next key level.

  • XRP: XRP has turned the $2.65 level into support, increasing the odds of a run toward $2.80 and $3.40.

  • RSI indicators on both assets suggest continued bullish momentum, though traders should watch for profit-taking at key resistance levels.

What’s next?

  • The ETF approval process will continue to drive speculation, with market participants watching for SEC signals.

  • XRP’s growing RWA adoption could attract more institutional investors, boosting its long-term value.

  • Dogecoin’s ETF buzz may push prices higher, particularly if institutional accumulation continues.

As the regulatory landscape evolves, DOGE and XRP are emerging as top contenders for the next wave of crypto adoption.

TRUMP memecoin breaks key resistance as accumulation surges: Trend reversal ahead?

Key points:

  • TRUMP memecoin jumped 6%, topping market gainers as buying pressure increases.

  • Arthur Hayes predicts memecoins like TRUMP could lead Bitcoin in market momentum amid rising political influence.

News - The Solana-based TRUMP memecoin has surged 6% in the past 24 hours, becoming one of the top-performing assets in the market. This rebound comes after weeks of downward pressure, with TRUMP now breaking a key resistance trendline, signaling a potential bullish reversal.

With spot market accumulation increasing and technical indicators turning positive, analysts are eyeing further upside for the token.

TRUMP breaks key resistance, buyers regain control - Since peaking at $56.20 on January 20, TRUMP has suffered a sharp decline, dropping over 70% from its high. However, recent price action suggests a trend reversal may be underway.

  • TRUMP has broken above its descending trendline, which had kept it in a downtrend.

  • On-Balance Volume (OBV) is rising, indicating increasing buying pressure.

  • Balance of Power (BoP) is positive, confirming that buyers have regained market control.

A successful retest of the breakout line at $14.40 could confirm a bullish trend continuation, with analysts setting an initial price target of $29.13. However, a failed retest could trigger a drop back below $14.27.

Arthur Hayes: Memecoins are the future of political influence - Arthur Hayes, co-founder of BitMEX, has suggested that memecoins like TRUMP could redefine political advertising and become a more accurate measure of public sentiment than traditional polls.

In his latest essay, Hayes stated that Trump has ushered in a new era of political memecoins, offering a ‘zero-knowledge’ proof of popularity.

According to Hayes, memecoins bypass traditional financial systems, allowing direct engagement between political figures and their supporters. He believes that if crypto sentiment improves, TRUMP could lead Bitcoin’s next rally.

Market reaction: TRUMP leads the PolitiFi sector - Following Hayes' remarks and TRUMP’s trendline breakout, the token saw a 12.29% intraday rally, briefly reaching $18.97 before settling lower.

Meanwhile, the broader PolitiFi market, which includes other politically themed memecoins, has gained 11.41% in the last 24 hours, with a total market capitalization of $3.98 billion.

Despite this growth, many top political memecoins have recorded losses, suggesting that TRUMP’s outperformance could be unique to its increasing investor interest.

What’s next?

  • If TRUMP maintains support at $14.40, a continued rally toward $29.13 is likely.

  • A retest failure could see TRUMP drop back below $14.27.

  • Arthur Hayes’ prediction that TRUMP could outperform Bitcoin will be tested if the memecoin maintains its momentum.

With growing accumulation and political speculation fueling interest, TRUMP’s breakout could mark the start of a new uptrend in the memecoin market.

The new crypto economy: Coinbase CEO says blockchain will power trillions by 2030

Key points:

  • Brian Armstrong sees up to 10% of global GDP running on crypto rails by the end of the decade, citing growing institutional adoption.

  • Coinbase reports $2.3 billion in Q4 revenue, its best quarter in over a year, fueling a 10% stock surge.

News - Coinbase CEO Brian Armstrong believes that the world is entering a new era for crypto, with the potential for 10% of global GDP to run on blockchain networks by 2030. Speaking during the company’s Q4 2024 earnings call, Armstrong compared the current state of crypto adoption to the early days of the internet, when businesses had to adapt or be left behind.

He also noted that the U.S. is now leading the charge, with a pro-crypto Congress and the Trump administration’s focus on making the country the "crypto capital of the planet."

“Given the US leadership here, the rest of the world is taking notice and will be under pressure to embrace crypto adoption,” Armstrong told investors.

With regulatory momentum building and institutional interest rising, Coinbase sees itself as a key player in shaping the future of blockchain-based economies.

Coinbase’s strongest quarter in over a year - Coinbase reported $2.3 billion in Q4 revenue, marking an 88% quarter-over-quarter increase and its best financial performance in more than a year. The exchange’s net income stood at $1.3 billion, helping COIN stock surge by 10% following the announcement.

Other highlights from the earnings report:

  • Centralized exchanges saw record trading volumes, and Coinbase remained a key player in the bull market.

  • Expansion into Argentina and India, signaling a push into emerging crypto markets.

  • Memecoin success debunked concerns about Coinbase listings losing influence.

Armstrong emphasized that 2025 will be about "driving revenue, utility, and scaling the foundations of crypto adoption."

Crypto politics: Coinbase backs Trump’s pro-crypto stance - Armstrong highlighted that the regulatory landscape has shifted dramatically in recent months. Coinbase’s Shareholder Letter praised the Trump administration for creating “unprecedented opportunities” in the crypto space.

  • Coinbase has been locked in regulatory battles, including Operation Choke Point 2.0, but recent government attention to these issues suggests a more favorable environment.

  • The company is actively working to shape U.S. crypto regulations, with Armstrong pledging full cooperation with legislative efforts.

This marks a shift in Coinbase’s political engagement, as Armstrong moves to align with pro-crypto lawmakers and policymakers.

What’s next?

  • Institutional adoption is accelerating, with stablecoin regulations and market structure reforms in progress.

  • The SEC’s approach to crypto ETFs and regulatory clarity will shape the industry’s next phase.

  • If Armstrong’s prediction holds true, over $10 trillion worth of assets could be tokenized or running on blockchain networks by the end of the decade.

With Coinbase’s revenue surging and political winds shifting in favor of crypto, the exchange is positioning itself as a major force in the industry’s next growth cycle.

GameStop eyes Bitcoin: Is this its next big bet after meme stock fame?

Key points:

  • GameStop’s stock surged 18% in after-hours trading following reports that the retailer is considering investing in Bitcoin.

  • CEO Ryan Cohen’s meeting with MicroStrategy’s Michael Saylor fueled speculation, though Saylor is reportedly not involved in GameStop’s crypto discussions.

News - GameStop (GME), the video game retailer that became a meme stock legend, is making headlines again—this time for potential Bitcoin investments. Reports indicate that GameStop is exploring Bitcoin and other cryptocurrencies as alternative asset classes, which sent its stock price soaring 18% in after-hours trading on February 13.

According to sources familiar with the matter, GameStop has not yet finalized its decision, as the company is still assessing whether such an investment aligns with its long-term business strategy. However, if GameStop moves forward, it will join a growing list of publicly traded companies, including MicroStrategy and Tesla, that hold Bitcoin on their balance sheets.

GameStop and Bitcoin: A strategic shift? - GameStop’s interest in Bitcoin comes as part of a broader effort to diversify its financial strategy. The company holds around $4.6 billion in cash reserves, giving it the flexibility to explore alternative investments.

CEO Ryan Cohen’s meeting with MicroStrategy’s Michael Saylor—a well-known Bitcoin advocate—has further fueled speculation that GameStop may be following in MicroStrategy’s footsteps. However, reports clarify that Saylor is not directly involved in GameStop’s internal crypto discussions.

This wouldn’t be GameStop’s first foray into crypto. In 2022, the company launched a crypto wallet to facilitate NFT transactions, but regulatory uncertainty led to its shutdown in November 2023. It also closed its NFT marketplace in January 2024.

Market reaction and speculation - The potential Bitcoin investment news has reignited retail investor enthusiasm for GameStop:

  • GME’s stock jumped to $31.30 in after-hours trading before cooling to $28.31, still up 7.50% from its closing price of $26.34.

  • The meme stock community and crypto investors are buzzing about whether GameStop will follow through with the investment.

  • Analysts suggest that if GameStop allocates a significant portion of its cash to Bitcoin, it could mirror MicroStrategy’s success, where BTC holdings helped drive stock performance.

What’s next?

  • If GameStop officially confirms a Bitcoin purchase, institutional and retail interest in both GME stock and Bitcoin could surge further.

  • The company may face regulatory and business risks similar to its past crypto ventures.

  • Investors are closely watching GameStop’s next earnings report or an official statement for confirmation of its crypto strategy.

For now, GameStop remains at the center of speculation. Will it fully embrace Bitcoin, or is this just another short-lived meme stock rally? The coming weeks could provide answers.

Crypto scams uncovered

  • In May 2022, TerraUSD (UST) lost its dollar peg, causing the Terra ecosystem to collapse. Over $45 billion in market value was wiped out within a week, leading to major financial losses and heightened regulatory scrutiny of algorithmic stablecoins.

  • The "pig butchering" scam model saw a nearly 40% increase in revenue in 2024 compared to the previous year. In these schemes, scammers cultivate long-term relationships with victims to build trust before convincing them to invest in fraudulent cryptocurrency platforms, ultimately defrauding them of substantial sums. 

  • In August 2024, the SEC sued NovaTech Ltd. and its founders, Cynthia and Eddy Petion, for running a $650 million Ponzi scheme that defrauded over 200,000 investors. The scheme collapsed in May 2023, with investor funds misused for personal gain. The SEC is seeking restitution in the ongoing case.

Top 3 coins of the day

dogwifhat (WIF)

Key points:

  • At press time, WIF was trading at $0.71, reflecting a 20.81% increase over the last 24 hours.

  • It was among the top gainers today, indicating a strong reversal after a prolonged downtrend.

What you should know:

WIF saw a notable 20.81% price jump, marking a potential shift in sentiment after its extended decline. The 9-day SMA remained above the price for most of its downtrend, but the latest surge suggested a possible attempt at breaking past resistance. Additionally, trading volume spiked, confirming strong buyer interest. The Relative Strength Index (RSI) climbed from oversold levels, near 33.03 at press time, signaling early signs of recovery but not yet reaching bullish momentum. The ATR (Average True Range) showed declining volatility over the past few weeks, indicating that while the sharp price increase is significant, it needs sustained momentum for confirmation. For further upside, WIF would need to hold above the $0.70 level, with the next resistance near $0.85-$1.00. A failure to maintain buying pressure could result in a retest of $0.60 as support. Monitoring volume and RSI trends will be crucial in assessing the strength of this rebound.

XRP (XRP)

Key points:

  • At press time, XRP was trading at $2.73, reflecting a 6.83% increase over the last 24 hours.

  • It was among the top gainers in today's market, signaling renewed bullish sentiment.

What you should know:

XRP witnessed a strong upward move, reclaiming $2.73 after a period of consolidation. The 9-day SMA acted as dynamic support, with the price bouncing above it. Meanwhile, the RSI stood at 54.07, indicating that XRP was moving toward neutral to bullish territory but had not yet entered overbought conditions. The Chaikin Money Flow (CMF) value of 0.17 suggested that capital inflows had increased, reinforcing the buying pressure. This was further supported by an uptick in trading volume, indicating growing interest from investors. Moving forward, resistance at $2.90 - $3.00 could pose a challenge for XRP, while support at $2.50 remains crucial for maintaining upward momentum. Traders should watch for continued volume expansion and RSI movement toward 60, which could further validate the bullish trend.

Onyxcoin (XCN)

Key points:

  • At press time, XCN was trading at $0.0225, reflecting a 1.63% decline over the last 24 hours.

  • Despite its previous rally, the price has been consolidating, with decreasing momentum as indicated by the MACD and OBV trends.

What you should know:

XCN has seen a significant uptrend in recent weeks, with a major price breakout in January. However, the coin has entered a consolidation phase, with declining volume and momentum. The 9-day SMA acted as a dynamic support level during its rally but has been witnessing a flattening curve, indicating a potential slowdown in bullish momentum. The MACD histogram showed weakening bullish momentum, with the signal line crossing above the MACD line, suggesting that sellers may be gaining control. Additionally, the On-Balance Volume (OBV), which surged during the rally, has started stabilizing, indicating that buying pressure is tapering off. For traders, key support lies near $0.0200, while a breakout above $0.0250 could reignite bullish momentum. The upcoming sessions will determine whether XCN continues to consolidate or breaks into another rally.

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