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Ripple (XRP) edges closer to a breakout, trading around the critical $3.00 level on Thursday. The release of the United States (US) Consumer Price Index (CPI) data has triggered a spike in volatility in the broader cryptocurrency market, as investors focus on the Federal Reserve’s (Fed) interest rate decision anticipated next week. US inflation increases as focus remains on the Fed US consumer prices increased 0.4% MoM in August after rising 0.2% in July, according to the Bureau of Labor Statistics (BLS) report. On an annual basis, the CPI increased 2.9%, up from 2.7% posted in July. This was the highest reading since January, underscoring the impact of US President Donald Trump’s higher tariffs. The Core CPI, which accounts for all consumer items excluding the volatile food and energy prices, rose 0.3% in August, matching the increase in July. On an annual basis, the Core CPI rose 3.1%. US CPI data Fed officials pay close attention to the Core CPI to better gauge long-term trends. All eyes are now on the Federal Open Market Committee (FOMC), which is expected to release its decision on interest rates next Wednesday. Following the CPI report, expectations of a September 0.25 percentage point interest rate cut to the range of 4.00% to 4.25% dipped slightly from around 91% on Wednesday to 88.7% at the time of writing on Thursday, according to the CME Group’s FedWatch tool. Meanwhile, retail interest in $XRP remains relatively high compared to last week. CoinGlass data shows the XRP futures Open Interest (OI) averaging $8.15 billion on Thursday, up from $7.37 billion on Sunday. The rising OI trend suggests that investors have a strong conviction in XRP’s ability to sustain its recovery to the record high of $3.66 reached on July 18. Technical outlook: XRP$ upholds bullish case ahead of breakout XRP holds around the $3.00 pivotal level as traders quickly scope up short-term dips toward the 50-day Exponential Moving Average (EMA) at $2.91. Still, upside movement lacks the catalyst to extend the up leg toward the next hurdle at $3.35, which was previously tested in mid-August. Despite the lack of a strong tailwind to drive XRP’s next recovery phase, its bullish case remains intact, buoyed by a buy signal maintained by the Moving Average Convergence Divergence (MACD) indicator since Monday. Traders tend to increase their exposure with the MACD line in blue holding above the red signal line. The steady upward movement in the Relative Strength Index (RSI) at 54 indicates bullish momentum as selling pressure declines. XRP/USDT daily chart Higher RSI readings, approaching overbought territory, would underpin the steady increase in buying pressure backing retail demand for XRP. Still, traders should be cautious and watch out for sustained pullbacks below the 50-day EMA support at $2.91.

🐕📈 || Dogecoin ETF Debut: Speculation or Mainstream Milestone for Crypto?” The approval of the first U.S. Dogecoin ETF (DOJE) marks a historic yet controversial moment in the crypto industry. While some view it as validation of community-driven assets, others argue it institutionalizes speculation in a meme-born token. Let’s explore the implications 👇 --- ◆ A First-of-Its-Kind Approval The Rex-Osprey Dogecoin ETF (DOJE) is the first U.S. ETF for Dogecoin. Unlike Bitcoin ETFs approved under the Securities Act of 1933, DOJE gained approval under the Investment Company Act of 1940, a framework usually reserved for mutual funds and diversified ETFs. --- ✦ How the ETF Works BlackRock’s spot Bitcoin ETF holds BTC in custody. DOJE, however, gets exposure through a Cayman Islands subsidiary and derivatives, since 1940 rules require diversification. This makes DOJE a unique structure compared to standard spot ETFs. --- ➤ The Speculation Debate Critics argue: Dogecoin was created as a joke. Its unlimited supply undermines long-term scarcity. Investors could simply buy DOGE directly without paying ETF management fees. Supporters counter: Dogecoin has matured into a top-10 cryptocurrency by market cap. An ETF introduces custody, compliance, and transparency, opening the door for institutional money. --- ◆ Why Dogecoin and Not Others? Out of 92 crypto ETF applications pending with the SEC, Dogecoin’s approval has surprised many. It leapfrogged projects with deeper use cases, sparking frustration among developers of more “serious” blockchains. Yet, some analysts highlight that community-driven momentum was a decisive factor. Dogecoin’s cultural presence, media exposure, and Elon Musk’s backing gave it an edge over technically advanced but less visible projects. --- ✦ Tokenomics Concerns DOGE has no maximum supply, unlike Bitcoin’s 21M cap. Around 5 billion new DOGE are minted each year. Analysts warn this inflationary model risks undermining long-term value. --- ➤ A Gateway for More Memecoin ETFs? The approval of DOJE doesn’t mean the floodgates are open. Regulatory requirements for liquidity, surveillance, and custody readiness remain barriers. However, Rex-Osprey already has filings for Trump (TRUMP) and Bonk (BONK) ETFs, signaling more memecoin products could follow. --- ◆ Blurring the Line Between Meme & Market The DOGE ETF raises a fundamental question: Are memes now a legitimate part of finance? Supporters: ETFs bring legitimacy and broaden adoption. Skeptics: Wrapping a meme in an ETF doesn’t change its fundamentals — it just makes speculation look professional.$DOGE --- ✦ Final Takeaway The launch of the Dogecoin ETF reflects a paradox of crypto: innovation and entertainment are deeply intertwined. Whether DOJE becomes a milestone for adoption or a symbol of institutionalized speculation, one thing is clear — memecoins are no longer just internet jokes; they’re stepping onto Wall Street. ---

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