XRP News Today: Dogecoin XRP Gain Traction on Bullish Technicals as Presale Project Raises $6.7 Million

Technical indicators suggest continued upward momentum for Dogecoin (DOGE) and Ripple’s XRP token, with bullish patterns reinforcing confidence in their short-term trajectories. Amid this, a lesser-known presale cryptocurrency has emerged as a standout, securing $6.7 million in funding amid growing institutional and retail interest. The development highlights a shifting focus within the altcoin market, where traditional favorites remain underpinned by technical strength, but newer projects are capturing capital amid a broader search for undervalued opportunities [1].

Analysts note that Dogecoin’s 20-period exponential moving average (EMA) remains above its 200-day EMA, a classic sign of sustained bullish momentum, while XRP has broken out of a descending channel, signaling potential for further gains. Both tokens have attracted attention from traders leveraging on-chain metrics, with DOGE’s increasing volume and XRP’s improved market depth seen as indicators of strengthening demand [2].

For Dogecoin, market analyst Ali has highlighted a double bottom pattern forming on its price chart, suggesting a potential rally to $0.46 if the $0.26 support level is reclaimed [1]. Meanwhile, the bull bear power indicator for DOGE sits in the buy zone at −0.00816, reinforcing the likelihood of a near-term upswing [1]. On the other hand, Javon Marks has forecasted a significant surge for XRP, predicting a move to $4.80 and potentially $7 if the price surpasses that threshold. TradingView data corroborates this optimism, showing the momentum indicator in the buy zone at 0.20 and a bull bear power reading of −0.11 [1].

The presale project at the center of investor attention—Unilabs (UNIL)—has raised $6.7 million since its launch, outpacing many established tokens in terms of fundraising speed. The project markets itself as an AI-powered DeFi asset manager, offering tools like the Early Access Scoring System and Meme Coin Identification Tool to identify high-potential projects. Early buyers of UNIL have already seen returns of 85%, with the token available at $0.0074 in its final presale phase before a price increase to $0.0085 [1]. Unilabs also provides governance rights and up to 122% annual percentage yield (APY) in staking rewards, further enticing investors [1].

The analysis underscores the presale coin’s positioning as a privacy-focused layer-2 solution, emphasizing faster transaction speeds and reduced gas fees compared to existing protocols. While DOGE and XRP benefit from established ecosystems and corporate partnerships, the presale project’s rapid capitalization reflects a segment of the market prioritizing innovation and first-mover advantages. Its compliance-focused roadmap and tokenomics model have alleviated some regulatory concerns, though institutional scrutiny remains pending [2].

However, both DOGE and XRP face challenges. XRP’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) remains unresolved, while DOGE’s price action could falter if macroeconomic conditions worsen. The presale coin, meanwhile, risks untested technology and reliance on speculative demand. Investors are advised to balance exposure between these opportunities and broader portfolio diversification [2].

The broader cryptocurrency market, which has rebounded from a 12-month low in May, appears in a consolidation phase, with capital flowing toward both legacy and emerging assets. This bifurcation reflects diverging investor strategies: those seeking stability in well-trodden assets and others chasing high-growth potential in presale projects. As the sector evolves, the interplay between technical indicators and project fundamentals will likely determine which tokens sustain their upward trajectories [2].

Source:

[1] [Technical Indicators Point to Further Upside for Dogecoin and Ripple, but a Presale Crypto Coin Gains Traction With $6.7 Million Raised] [https://coinmarketcap.com/community/articles/6883dfe43ff24b03a300a6cd/]

[2] [Best Altcoins to Invest in July 2025] [https://www.coinspeaker.com/guides/best-altcoins-to-invest]