XRP News Today: Pudgy Penguins (PENGU) Surges 70% in a Week, ETF Approval in Sight

July began with a surge in momentum, with Bitcoin (BTC) poised to close the day above the $109,000 mark. This positive trend has bolstered altcoins, and favorable trade agreements could further elevate their performance. Market experts have provided insights into the potential trajectories of XRP and FLOKI.

Throughout the year, meme coins have seen substantial gains, outpacing the broader market. While established coins like SHIB and DOGE have garnered attention, FLOKI Coin has experienced remarkable value growth, though it has also been a target for scam-related inflation followed by sharp declines. There is rising speculation that legitimate meme coins are poised for significant growth. Analyst Phoenix anticipates a bullish trend for FLOKI, which has a dedicated community base. FLOKI is currently trading at the 200 EMA on a 4-hour chart, indicating potential growth.

XRP is benefiting from favorable news, with overall sentiment in its favor. A scenario where XRP reaches the $3 benchmark is within the realm of possibility. Analysts are optimistic that the SEC may drop its appeal soon, potentially by Monday. Ripple continues to expand its alliances, and its RLUSD usage is increasing. A significant development could be XRP’s ETF deadline in September, which might lead to remarkable July peaks. Ali Martinez has pointed out that XRP might be on the verge of witnessing double-digit gains, making it a cryptocurrency to watch closely. An inverted head and shoulders pattern in XRP could herald a 15% surge to $2.65.

On the BTC front, DaanCrypto still views it as the focal cryptocurrency of interest. BTC’s consolidation, though slightly altered from prior cycles, adheres to a familiar pattern: pause, dip, recapture, then surge. The missing link is a definitive breakout to resume its trajectory.

Key takeaways include: FLOKI maintains a robust community anticipating further price hikes. XRP’s ETF deadline in September hints at peaks within the next two months. Underlying market factors might prompt notable shifts, especially with favorable regulatory news. As traders and enthusiasts closely monitor, the anticipation of breakout activities grows, with expectations that the cryptocurrency markets may soon reach new milestones.

FLOKI, a meme coin, is poised for significant growth, according to recent analysis. The cryptocurrency is seen as having a suitable environment to reach new heights in terms of price, with positive predictions for its future value. This optimism is driven by the potential for increased adoption and the growing interest in meme coins within the broader cryptocurrency market.

Meanwhile, XRP, the native token of the Ripple network, is also expected to experience substantial growth. According to forecasts, XRP's price could reach between $5 and $7 by the end of the year, more than doubling its current value. This prediction is based on the increasing adoption of Ripple's technology by financial institutions and the potential for regulatory clarity in the cryptocurrency space.

Pudgy Penguins (PENGU) has drawn comparisons to the breakout of PEPE, another meme coin that experienced a significant rally last year. PENGU's price has increased by 70% in just one week, reaching a two-month high and overtaking established meme tokens like FLOKI and others in market cap rankings. This unexpected rise has positioned PENGU as the eighth-largest meme coin and 94th overall by market cap.

The main catalyst behind PENGU’s sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins. On June 25, 2025, a filing was submitted to the US Securities and Exchange Commission (SEC), seeking approval for a first-of-its-kind hybrid ETF backed by Canary Capital. The proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remaining balance in Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles. If approved, this would be the first American ETF to hold actual NFTs along with a meme coin, a structure that opens the door for institutional access to the NFT-backed meme economy.

Adding to the momentum, a fintech giant listed PENGU on its trading platform, allowing millions of retail users globally access to the asset. This integration gave PENGU a new level of accessibility and credibility, reinforcing its status as more than just a fleeting meme trend. The listing’s timing, aligned with the ETF news, created a perfect storm of exposure and utility that rapidly boosted demand and liquidity.

Technical indicators further support PENGU’s upward trajectory, signalling sustained bullish pressure in recent sessions. Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range. A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even projecting a run toward $0.044, a potential 200% increase. The Chaikin Money Flow (CMF) indicator registers a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally. Meanwhile, accumulation indicators like A/D show sustained interest on dips, and rising volume suggests that buyers are firmly in control of the market.

Market analyst Ali Martinez has drawn a compelling comparison between PENGU and PEPE’s breakout pattern from last year. According to Martinez, PENGU’s current structure mirrors PEPE’s pre-rally phase, and a daily close above the $0.015–$0.017 zone could unleash a similar vertical move. Despite its recent strength, PENGU is still down 77.6% from its December 2024 all-time high of $0.06845, offering significant room for recovery if momentum continues. At the same time, the token has rebounded 312% from its April 2025 low of $0.003715, suggesting a foundational base has been established. If history repeats itself, as it did with PEPE, then Pudgy Penguins (PENGU) might soon find itself at the forefront of the next meme coin frenzy — this time with deeper institutional roots and a hybrid structure that sets it apart.