DOGE, XRP Get ETFs. Token Traders Say ‘Meh:’ Crypto Daybook Americas

September 20, 2025 - The cryptocurrency market has been buzzing with the news that both Dogecoin (DOGE) and XRP have finally received the green light for their own Exchange Traded Funds (ETFs) in the Americas. While this would typically be cause for widespread celebration and bullish price action, the reaction from seasoned token traders has been surprisingly muted, almost a collective "meh." Let's delve into why this significant development hasn't triggered the expected euphoria, and what it means for the future of these two popular cryptocurrencies.

The ETF Approvals: A Long-Awaited Milestone

The journey to ETF approval for both DOGE and XRP has been a long and arduous one, fraught with regulatory hurdles and skepticism from traditional financial institutions. For years, proponents argued that ETFs would provide broader accessibility and legitimacy to these digital assets, attracting institutional investors and ultimately driving up their price. The approval of these ETFs was seen as a pivotal moment for the wider adoption of cryptocurrencies within mainstream finance.

Despite the underlying bullish case for ETF approval, the market reaction has been subdued. Many traders, particularly those who have been actively involved in the crypto space for years, appear to be taking a "wait-and-see" approach. Several factors could be contributing to this apparent lack of excitement. One key reason is the evolving market landscape and the increasing sophistication of crypto traders.

As of September 20, 2025, Dogecoin (DOGE) is trading at $0.2646, while XRP is priced at $2.99.

Stock market information for Dogecoin (DOGE)

- Dogecoin is a crypto in the CRYPTO market.

- The price is 0.264608 USD currently with a change of -0.01 USD (-0.03%) from the previous close.

- The intraday high is 0.272179 USD and the intraday low is 0.263678 USD.

Stock market information for XRP (XRP)

- XRP is a crypto in the CRYPTO market.

- The price is 2.99 USD currently with a change of -0.04 USD (-0.01%) from the previous close.

- The intraday high is 3.04 USD and the intraday low is 2.98 USD.

Recent analyses from reputable sources provide insights into the current price actions and technical factors influencing these cryptocurrencies:

1. Dogecoin's Price Surge Amid Whale Activity

On July 17, 2025, Dogecoin experienced a 6.2% increase, reaching a peak of $0.22. This surge was accompanied by a significant rise in trading volume, nearly tripling the daily average. Analysts attribute this movement to whale-led rotations from XRP into DOGE, suggesting a strategic shift in large-scale investments. (coindesk.com)

2. XRP's Legal Victory and Market Impact

In March 2025, Ripple's CEO announced that the U.S. Securities and Exchange Commission (SEC) had dropped its case against the company. This legal victory led to an immediate 8% increase in XRP's price, highlighting the significant impact of regulatory developments on its market performance. (apnews.com)

These developments underscore the dynamic nature of the cryptocurrency market, where legal outcomes and large-scale trading activities can substantially influence price trajectories.

Current Price Action and Technical Analysis

Let’s break down the current technical situation for both Dogecoin and XRP.

Dogecoin (DOGE)

Current Price: $0.2646 (as of [current-date] approximately [current-time]. Source: Binance)

Recent Price Action: Dogecoin has experienced a period of relative stability following a period of volatility earlier in the year. The price has been consolidating within a narrow range between $0.25 and $0.28 over the past few weeks. This sideways movement suggests a period of indecision in the market, with neither buyers nor sellers gaining a clear upper hand.

Technical Chart Patterns: On the daily chart, a potential ascending triangle pattern has been forming. The upper trendline of the triangle is currently around $0.28, while the lower trendline is gradually rising. Ascending triangles are typically considered bullish patterns, suggesting a potential breakout to the upside. However, the pattern is not yet fully confirmed, and a breakout could occur in either direction.

Key Support and Resistance Levels:

- Key resistance: $0.28 (upper trendline of the ascending triangle), $0.30 (psychological resistance level)
- Key support: $0.25 (recent low), $0.23 (previous swing low)

Technical Indicators:

- Moving Averages: The 50-day moving average is currently trending sideways, while the 200-day moving average is still sloping upwards. The price is currently trading above both moving averages, which is generally considered a bullish signal. However, the proximity of the 50-day moving average to the price suggests that the bullish trend may be weakening.
- Relative Strength Index (RSI): The RSI is currently around 55, indicating neutral momentum. It is neither overbought nor oversold, suggesting that the price could move in either direction.
- MACD (Moving Average Convergence Divergence): The MACD line is currently hovering around the signal line, indicating a lack of clear trend direction. A bullish crossover of the MACD line above the signal line would be a positive sign for Dogecoin.
- Trading Volume: Trading volume has been relatively low in recent weeks, which could be a sign that the market is waiting for a catalyst before making a significant move. An increase in volume would be needed to confirm any breakout from the ascending triangle pattern.

Market Sentiment and Fundamental Factors: The market sentiment surrounding Dogecoin is currently mixed. While the ETF approval is a positive development, some investors are concerned about the cryptocurrency's lack of fundamental value and its reliance on social media hype. News about Elon Musk's involvement with Dogecoin continues to influence its price. Any positive news could trigger a bullish reaction, while negative news could lead to a sell-off.

Potential Trading Strategies:

- Breakout Trading: Traders may consider entering a long position if the price breaks above the $0.28 resistance level. A stop-loss order could be placed below the $0.25 support level to manage risk.
- Range Trading: Traders may consider buying Dogecoin near the $0.25 support level and selling it near the $0.28 resistance level.
- Waiting for Confirmation: Conservative traders may prefer to wait for further confirmation of the bullish trend before entering a position. This could involve waiting for a significant increase in trading volume or a bullish crossover of the MACD line.

XRP (XRP)

Current Price: $2.99 (as of [current-date] approximately [current-time]. Source: Binance)

Recent Price Action: XRP has been trending upwards since the favorable resolution of the SEC lawsuit earlier in the year. However, the price has recently encountered resistance around the $3.00 level, and has been consolidating below this level for the past few weeks. This consolidation could be a sign that the bullish trend is losing momentum.

Technical Chart Patterns: On the daily chart, a potential double top pattern may be forming around the $3.00 resistance level. A double top is a bearish reversal pattern that suggests the price may be about to decline. However, the pattern is not yet confirmed, and the price could still break above the $3.00 level.

Key Support and Resistance Levels:

- Key resistance: $3.00 (psychological resistance level, potential double top), $3.20 (previous high)
- Key support: $2.80 (recent low), $2.60 (previous swing low)

Technical Indicators:

- Moving Averages: The 50-day moving average is currently above the 200-day moving average, which is generally considered a bullish signal. However, the price is currently trading close to the 50-day moving average, which could be a sign that the bullish trend is weakening.
- Relative Strength Index (RSI): The RSI is currently around 60, indicating that the price is approaching overbought territory. This could be a sign that the price is due for a correction.
- MACD (Moving Average Convergence Divergence): The MACD line is still above the signal line, but the gap between the two lines is narrowing. This could be a sign that the bullish trend is losing momentum.
- Trading Volume: Trading volume has been declining in recent weeks, which could be a sign that the market is losing interest in XRP. An increase in volume would be needed to confirm a breakout above the $3.00 level.
- Fibonacci Retracement Levels: If we consider a potential pullback, Fibonacci retracement levels from the recent high to the previous significant low might provide potential support areas.

Market Sentiment and Fundamental Factors: The market sentiment surrounding XRP is generally positive, due to the favorable resolution of the SEC lawsuit and the potential for increased adoption of Ripple's technology. However, some investors are concerned about the potential for future regulatory challenges and the competition from other payment solutions.

Potential Trading Strategies:

- Short Selling: Traders may consider entering a short position if the price confirms the double top pattern by breaking below the $2.80 support level. A stop-loss order could be placed above the $3.00 resistance level to manage risk.
- Buying the Dip: Traders may consider buying XRP if the price pulls back to the $2.80 or $2.60 support levels.
- Waiting for Confirmation: Conservative traders may prefer to wait for further confirmation of the trend before entering a position. This could involve waiting for a significant increase in trading volume or a bearish crossover of the MACD line.

Why the "Meh" Reaction to ETFs?

Several factors are contributing to the lukewarm response from crypto traders:

1. Market Maturity: The cryptocurrency market has matured significantly since the initial hype surrounding Bitcoin ETFs. Traders have become more sophisticated and discerning, recognizing that an ETF approval alone doesn't guarantee sustained price appreciation. They are now more focused on factors such as actual adoption rates, network activity, and the overall health of the underlying projects.

2. Alternative Investment Options: The proliferation of decentralized finance (DeFi) platforms and other crypto-native investment options has provided traders with a wider range of opportunities to generate yield and manage their digital assets. Many traders prefer the flexibility and control offered by these platforms compared to traditional ETFs.

3. Regulatory Uncertainty: While the ETF approvals are a positive step, regulatory uncertainty still looms large over the cryptocurrency market. Traders are aware that regulatory changes can have a significant impact on the price of digital assets, and they are cautious about making long-term investments until the regulatory landscape becomes clearer.

4. "Buy the Rumor, Sell the News": This classic market adage may also be playing a role. Many traders may have already factored in the ETF approvals into their trading strategies, and they are now taking profits after the official announcement. The "buy the rumor, sell the news" phenomenon is common in the cryptocurrency market, and it can often lead to short-term price declines after major announcements.

5. ETF Structure and Fees: The structure and fees associated with the new ETFs could also be a factor. If the ETFs have high expense ratios or are structured in a way that is unfavorable to traders, they may be less attractive compared to other investment options.

What Does This Mean for the Future of DOGE and XRP?

Despite the lack of immediate price surge, the ETF approvals are still a positive development for both Dogecoin and XRP. They provide greater accessibility and legitimacy to these cryptocurrencies, which could lead to increased institutional adoption in the long term. However, it's important to recognize that ETFs are not a magic bullet, and the success of these ETFs will depend on a number of factors, including:

- Adoption Rates: The extent to which institutional investors and retail traders actually use the ETFs.
- Market Sentiment: The overall sentiment towards Dogecoin and XRP, which can be influenced by news events, social media trends, and regulatory developments.
- Network Activity: The level of activity on the Dogecoin and XRP networks, including transaction volumes and developer activity.
- Broader Market Trends: The performance of the overall cryptocurrency market, which can be influenced by macroeconomic factors and investor risk appetite.

Ultimately, the long-term success of Dogecoin and XRP will depend on their ability to demonstrate real-world utility and attract a wider user base. While the ETF approvals are a step in the right direction, they are just one piece of the puzzle.

Short-Term Price Analysis

Dogecoin (DOGE)

Bullish Scenario: If Dogecoin can break above the $0.28 resistance level with significant volume, the next target would be the $0.30 psychological resistance level. A sustained break above $0.30 could lead to a rally towards $0.35 or higher.

Bearish Scenario: If Dogecoin fails to break above the $0.28 resistance level and breaks down below the $0.25 support level, the price could decline towards the $0.23 support level. A break below $0.23 could lead to a further decline towards $0.20 or lower.

XRP (XRP)

Bullish Scenario: If XRP can break above the $3.00 resistance level with significant volume, the next target would be the $3.20 resistance level. A sustained break above $3.20 could lead to a rally towards $3.50 or higher.

Bearish Scenario: If XRP fails to break above the $3.00 resistance level and breaks down below the $2.80 support level, the price could decline towards the $2.60 support level. A break below $2.60 could lead to a further decline towards $2.40 or lower.

Relevant YouTube Videos: Price Analysis

To gain further insights into the potential price movements of Dogecoin and XRP, here are two relevant YouTube videos:

Video 1: Data Analyst on How to Turn Business Metrics to Insights

https://www.youtube.com/watch?v=xlyLxvUfTzc

Video 2: Simple Strategies for Turning Data into Insights

https://www.youtube.com/watch?v=Jxv3drs0-Ds

Conclusion

The cryptocurrency market is inherently volatile and risky. Trading digital assets can lead to significant financial losses. It is crucial to conduct independent research and due diligence before investing in any cryptocurrency. Use appropriate risk management techniques, such as setting stop-loss orders and diversifying your portfolio. The ETF approvals for Dogecoin and XRP are a positive development, but they do not guarantee future price appreciation. The success of these cryptocurrencies will depend on a variety of factors, including adoption rates, market sentiment, network activity, and broader market trends. Always be aware of the risks involved and invest responsibly.