Excitement for ETF is Happening in Dogecoin and XRP! Social Media Trends Look Favorably on Possible ETF Approval! Here are the Details

Investors are increasing their optimism regarding the potential approval of spot exchange-traded funds for Dogecoin (DOGE) and XRP. Sentiment indicators and social media trends are showing that the rise momentum has resumed for both tokens.

Dogecoin and XRP ETF Excitement Fuels Rise Momentum

According to the blockchain analysis platform Santiment, social media conversations related to DOGE and XRP have shown a significant rise recently, and the tone of the discussions has turned distinctly positive.

This exchange reflects the increasing hopes that US regulators will approve spot ETFs for two digital assets. This step could further enhance the legitimacy of these assets in the eyes of institutional and individual investors.

According to the prediction market platform Polymarket, the likelihood of the spot XRP ETF being approved by the end of 2025 jumped from 65% to 85% just two months ago.

Despite the U.S. Securities and Exchange Commission postponing the (SEC)'s decisions on both DOGE and XRP ETF applications until June 17, market participants remain optimistic. Technical charts also show accumulation trends, signaling strong interest from investors in the current market recession.

Especially DOGE saw a dramatic comeback on social media after 21Shares and Bitwise applied for DOGE spot ETFs in April.

Santiment stated that DOGE's dominance on social media has reached its highest level in three months, reflecting the community's growing belief that the token's "meme coin" status could evolve into a more serious investment narrative.

In its latest update, Santiment stated that "the support given by groups such as the House of Doge and the Dogecoin Foundation for ETF proposals has helped DOGE move beyond its meme origins, increasing its credibility."

While the social media discussion volume of XRP remains low compared to other leading assets, sentiment is overwhelmingly bullish. Investors are closely watching how the clarification of XRP's legal status following Ripple's partial victory against the SEC last year could increase the chances of ETF approval.

The data emphasizes the increasing importance of social trends and investor perception in driving short-term momentum, especially for tokens that are on the brink of broader institutional recognition.