XRP Rally Sparks Optimism: Can TRUMP Coin and Dogecoin Ride the Bullish Wave?

The XRP price is targeting $4.62 as bullish momentum builds. TRUMP Coin and Dogecoin eye rallies amid whale activity, regulatory progress, and pro-crypto developments.

Photo meta – XRP Price Surge Sparks Interest in TRUMP and Dogecoin Amid Crypto Optimism Under Trump Administration

Ripple (XRP) is making headlines with its big bounce back, trading above $3.0. The token has risen by 12% in the last 24 hours on the back of strong technical and macro fundamentals. This is a big rebound from the recent low of $2.66 and sets up for more upside.

XRP is up 8% overnight, Source: BNC XRPLX

Ripple’s recent acquisition of Money Transmitter Licenses (MTLs) in New York and Texas has been a big help to XRP’s price. Those states are known for being tough on regulation so Ripple’s compliance is a big win. With over 50 US MTLs and over 60 global licenses Ripple is the leader in cross border payments.

These licenses allow Ripple to do secure, legal and fast global transactions. This helps XRP adoption and investor confidence. Ripple’s proactive approach to regulation has put them as a trusted player in the cryptocurrency space.

XRP Partners with Ondo Finance

Ondo Finance is set to launch its $185 million U.S. Treasury-backed token, OUSG, on Ripple’s XRP Ledger (XRPL) within the next six months. This move aims to enhance institutional access to tokenized real-world assets by leveraging XRPL’s efficient and scalable infrastructure.

Both Ripple and Ondo Finance have contributed seed investments to provide initial liquidity, though the exact amounts remain undisclosed. This partnership underscores the growing trend of asset tokenization, offering investors faster settlement times and improved efficiency compared to traditional financial systems. It’s bullish news for XRP and Ripple.

XRP and Ondo partner for tokenization, source: X

XRP’s move up has also been helped by big liquidations in the derivatives market. Over $4.1 million in short positions were liquidated in the last 12 hours alone. This forced bears to close their positions and added to the buying pressure on the token.

Liquidations heatmap: Coinglass

Liquidations can be big catalysts for price moves. We saw that between Jan 13-16 when $56 million in short positions were liquidated and XRP went to a 7 year high of $3.40. This is similar to what’s happening now, showing strong market interest and momentum.

Bull Flag Pattern Suggests $4.62 Target

XRP is forming a textbook bull flag on the daily chart. This is a consolidation phase after a big move, which usually precedes a move to new highs.

XRP moved from $2.27 on Jan. 10 to $3.40 on Jan. 16 to create the flagpole. The current consolidation at $3.10 is the flag.

Bull flag on the XRP/USD daily chart. Source: Trading View

A break above the flag resistance could take XRP to $4.62, based on the height of the previous move. That’s 49% from current levels. The RSI has gone from 58 to 62, showing increasing buying interest and strong bullish momentum.

XRP has immediate resistance at $3.10, the top of the bull flag. A close above this could spark a move to $4.62. Below $2.90 is key support and a close below that could delay the upside.

TRUMP Coin: Can It Hit an All-Time High?

Trump’s inauguration has given the crypto market a bullish vibe and $TRUMP Coin is getting a lot of hype since its launch on January 17, 2025. Within days TRUMP went to $15 billion market cap and then stabilized at $5 billion.

Trump’s plan to make the US the “crypto capital of the world” and his appointment of Mark Oida as Acting SEC Chairman and the creation of a crypto task force led by Hester Peirce gives TRUMP some cred and is fueling more hype.

Source: X

Currently at $26.85 after hitting $73.43 on January 19, TRUMP is looking up. Analysts predict 230% by February according to the Fear & Greed Index.

A wedge breakout could mean a 90% gain if Bitcoin stays stable. But TRUMP is a meme coin and insider controlled so there are concerns about long-term sustainability and market manipulation risks.

Critics like John Deaton are warning about ethical and regulatory issues, saying don’t switch from restrictive to unregulated. Calls to address conflicts of interest and use profits for social causes are being made, but no action is being taken.

Dogecoin: Can DOGE Hit $1 with Elon Musk’s influence?

Dogecoin (DOGE), the king of meme coins, is showing some serious resilience, up 7% intraday to $0.3346. This is in line with whale activity as big investors bought $5.7 million worth of DOGE during the recent dip.

DOGE weekly chart. Source: Bravenewcoin

Crypto analyst Ali Martinez pointed out the massive accumulation of whales during the low-price period. If DOGE breaks above $0.35, analysts expect it to retest $0.4835. From there, the sky’s the limit to $0.7373 and then $1.

Elon Musk is still playing a big role in Dogecoin’s price action. Recent events like him inviting Dogecoin founder Shibetoshi Nakamoto to join the “Department of Government Efficiency” (DOGE) has got everyone excited.

Musk’s previous statements like “DOGE to Mars” and his push for blockchain in government has given Dogecoin use cases beyond being a meme.

In breaking Dogecoin news today Bitwise has filed for a DOGECOIN ETF. This will be a strong tailwind for Dogecoin, if the SEC approves the Dogecoin spot ETF.

Bitwise files for a Dogecoin ETF, Source: X

Experts say DOGE could go between $0.7373 and $1 if this continues. Good for traders looking for short term gains and long term potential.

The crypto market is still volatile. Global market cap just went below $1 trillion, investors are cautious. But the FOMC decision to keep interest rates unchanged should stabilize the sentiment.

XRP has resistance at $3.30 and support at $3. A break of either level will set the tone for the next move. TRUMP Coin and Dogecoin will rely on market narrative and broader investor sentiment to sustain the momentum.