"XRP Surges Amid Legal Win, Dogecoin Plummets Despite SEC Nod"

Coin WorldSaturday, Mar 1, 2025 7:50 pm ET

1min read

The cryptocurrency landscape is dynamic and ever-changing, with three projects currently capturing attention: XRP, Dogecoin, and Remittix, an Initial Coin Offering (ICO) that raised over $13.2 million in just a few weeks.

XRP has been making headlines with its legal breakthroughs and new partnerships, while Dogecoin faces a downturn after its earlier success. Meanwhile, Remittix is gaining traction by focusing on practical, real-life uses for cryptocurrency payments, a shift that many investors find appealing given the recent losses in meme tokens, AI coins, and Real World Asset (RWA) cryptos.

In the legal arena, XRP has been at the center of a dispute with the U.S. Securities and Exchange Commission (SEC). Recent rumors suggest that the SEC may ease up on its appeal against Ripple, potentially reshaping how digital assets are regulated. John Reed Stark has observed that the SEC is no longer pushing as hard to label tokens as securities, hinting at a possible new regulatory approach.

Ripple has also partnered with BDACS in South Korea to offer institutional-level custody for XRP and RLUSD through Ripple Custody's bank-like services. This move aims to attract more large-scale investors to the XRP ecosystem. Additionally, the XRP Ledger (XRPL) is set to receive an upgrade, adding programmability without slowing down the network. This could enable developers to create customized solutions for large companies, further boosting XRP's standing among global businesses. Over the last day, XRP's price rose to $2.14, with a trading volume of $8.53 billion.

Dogecoin, one of the original meme coins, has been facing instability recently. The SEC has stated that meme tokens like Dogecoin are not securities, but Dogecoin's price has still slid by 12.4% on Friday, falling below $0.19 for the first time since November 2024. Some data suggests that small retail holders may be panic-selling, contributing to the price drop. A "death cross" has also formed on Dogecoin's daily chart, indicating potential further downside. Some analysts attribute this fall to the negative market sentiment and political news tied to former President Trump.

To recover, Dogecoin must reclaim the $0.20 level

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