ETF Expectations for Dogecoin and XRP Drive Positive Market Sentiment, Says Social Analysis

DOGE and XRP Reignite Market Hopes as ETF Buzz and Whale Activity Accelerate

Dogecoin (DOGE) and XRP are back in the spotlight as traders grow increasingly confident about the approval of spot ETFs tied to the two tokens. This renewed optimism is being reflected in a sharp rise in bullish sentiment across social platforms, according to data analytics firm Santiment.

Despite regulatory delays, the narrative surrounding both assets has shifted. While the SEC recently postponed decisions on DOGE and XRP ETF proposals to June 17, market participants are treating the pause as temporary, not terminal. On Polymarket, the perceived odds of an XRP spot ETF being greenlit by year’s end have surged to 85%, a 20-point jump in just two months.

Social indicators show XRP maintaining a bullish tone, even as its overall social volume has dipped relative to other top coins. Traders are interpreting this as quiet accumulation beneath the surface. Meanwhile, DOGE is seeing a dramatic uptick in attention. Following ETF filings from 21Shares and Bitwise in April, Dogecoin’s social dominance has climbed to a new three-month high.

Backing from the Dogecoin Foundation and the House of Doge is helping reshape DOGE’s public image — from internet meme to serious asset class contender.

“Dogecoin is no longer being dismissed as a joke,” Santiment reported. “It’s being taken seriously by analysts and whales alike, with clear accumulation trends and technical strength supporting the shift.”

Elsewhere in the market, sentiment around Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) remains neutral to cautious. Bitcoin, meanwhile, continues its steady rise, crossing $97,000 in early Friday trading.