XRP ETF inflows hit $159 million, Venice Token rises 73% from July low

The cryptocurrency market is showing signs of strength this weekend, with altcoins outperforming Bitcoin in terms of price gains and trading momentum. Among the top performers are Arbitrum (ARB), Zcash (ZEC), and PancakeSwap (CAKE), which have recorded significant advances. Notable forecasts have emerged for Dogecoin (DOGE), Ripple (XRP), and Venice Token (VVV) as their respective price movements attract attention from investors and analysts.

Dogecoin: Technical breakout and price outlook

Dogecoin, a leading meme coin launched in 2013, has consolidated within a narrow price range for several months. The token traded between its support at $0.067 and resistance at $0.0790 from late June until August 20. This prolonged consolidation is often viewed by analysts as a phase of accumulation, where investors gather positions in anticipation of a larger move.

Recently, DOGE broke above its key resistance at $0.0790, a move that technical analysts interpret as a bullish breakout. The token has since retested this former resistance as new support — a classic ‘break-and-retest’ pattern often linked to trend continuations. DOGE continues to trade above its 50-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) has climbed past the neutral 50 mark.

The market has also seen an uptick in DOGE’s 24-hour trading volume, now exceeding $1.49 billion. Meanwhile, open interest in DOGE futures has increased, signaling renewed investor engagement. Despite these bullish indicators, DOGE-related ETF products have seen outflows of $343,000 so far this month, reflecting some hesitation among institutional investors.

Tokenized Stock

ETH

SOL

BSC

ROBINHOOD

PAY

USDT

↓

RECEIVE

AAPL

Find Best Price

DOGE’s next resistance lies at $0.1183, the intramonth high seen in May, which suggests a further upside potential of about 30% from its current level if market momentum continues.

XRP: ETF inflows boost as price targets higher levels

Ripple’s XRP token has displayed resilience in recent weeks and is trading near its August highs. The price rebounded after forming a falling wedge pattern — a formation of two descending, converging trendlines that often precedes an upward breakout.

XRP’s rally comes alongside strong demand for its exchange-traded funds (ETFs). Last month, total ETF inflows reached $159 million, with $13 million added already this month. Supplies of XRP on major exchanges such as Binance and Coinbase have declined, which is commonly interpreted as a sign of decreasing sell pressure.

Technically, XRP is now trading above its 50-day moving average, and has shaped a bullish flag pattern, both of which are considered positive signals for continued upside. Analysts forecast that XRP could challenge this month’s high of $1.6975 if current trends persist.

XRP’s price structure supports expectations for a bullish breakout, especially as ETF inflows remain robust and exchange reserves dwindle.

Venice Token: Rebound amid double-top warning

Venice Token (VVV), an emerging digital asset in the AI sector, has posted a strong recovery in recent days. The token climbed from a low of $9.88 in July to $17.05, up by over 70%. It broke above the key $14.71 level, which had served as resistance and as the neckline of a double-bottom pattern, a bullish reversal signal in technical analysis.

VVV is now trading above its 50-day moving average. However, some caution is warranted: the token has formed a double-top pattern at $18.48 with a neckline at $16, suggesting a potential for price reversal. At the same time, the RSI has slipped from 80 (overbought) to 60, which may indicate waning momentum among buyers.

On the upside, Venice Token could benefit from the anticipated IPO of Anthropic, a leading artificial intelligence research company, which may have a positive spillover effect on top AI-related cryptocurrencies. If market sentiment improves, VVV could aim for a new year-to-date high of $21.41, representing a further 25% rise from current prices.

Mini dictionary: Anthropic is a research and development company specializing in artificial intelligence safety and applications. Its upcoming IPO is anticipated to impact market perceptions of AI-focused tokens like VVV.