Will  XRP, DOGE And ADA Surge After U.S. Government Shutdown Resolution?

XRP, ADA, and DOGE have all seen notable price increases, contributing to a 0.81% rise in the overall crypto market over the past 24 hours. This surge follows a period of consolidation, sparking renewed optimism among investors. Many are now eyeing potential profits as the market gains momentum.

In the meantime, Bitcoin price eyes recovery, with Ethereum hovering above $3,500. This shift of the market follows the U.S. government shutdown, which is imminent, and many are speculating on the possible effects on the market.

XRP Price Surges as Nasdaq Approves First Spot XRP ETF

XRP price surged to $2.50, experiencing a 4% rise in 24 hours and a 7% increase over the past week. This increase comes after Nasdaq gave the green light to the first-ever U.S.-supported spot XRP ETF, XRPC, and the market is now excited. The launch of the ETF resulted in a volume and whale accumulation by a significant margin of $163 million.

Moreover, the U.S. government shutdown was resolved, which increased the mood of the entire market, which additional protected the bullish movement of XRP. This incident will put XRP in a position to gain growth in the future, drawing increased institutional attention and making it more legitimate.

Dogecoin ETF News Sparks Market Surge and Optimism

XRP, DOGE, and ADA are seeing positive movement as the U.S. government shutdown nears resolution. Dogecoin has been performing well, with its price holding steady above $0.1759. The cryptocurrency was up by 2% in the past 24 hours and 7% in the past week, which is an improvement after registering some recent declines.

Additionally, the possibility of a Dogecoin ETF launch has sparked renewed interest in the cryptocurrency market. Grayscale Investments has registered Dogecoin ETFs in the Depository Trust and Clearing Corporation registry recently. This move suggests that an imminent ETF launch is now becoming increasingly likely for Dogecoin. As the market sentiment picks up, whales continue to accumulate more Dogecoin, fueling increased excitement.

Cardano Price Eyes Bullish Ahead of GOVT Shutdown Resolution

Cardano price rallied to $0.5679, showing a 5% increase over the past week. ADA might experience additional gains, although it was below its upward trendline, above the support of $0.517. The next possible boom is anticipated, particularly after reopening the U.S. government, which will stimulate the growth of altcoins such as ADA.

The market of ADA derivatives in Cardano is also growing significantly. The trading volume increased by 35.77, and it has reached $1.34 billion. In the meantime, the open interest has increased by 3.66, amounting to $684.24 million. This growth is an indicator of growth in participation and investor confidence in the ADA ecosystem, which can be described as a positive tendency.

What’s Next For XRP, DOGE, And ADA Prices?

The U.S. government shutdown resolution may reinforce market sentiments, which will be beneficial to XRP, DOGE, and ADA. The growth of XRP is attributable to the fact that Nasdaq passed the first spot XRP ETF, and this move gave investors confidence.

The possible launch of the ETF of Dogecoin creates some hope, and the development of Cardano goes on. All these factors indicate that bullish trends of these cryptocurrencies will continue in the near future.