Monat: August 2025

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DOGE dips 6% as crypto bulls suffer huge losses; Check forecast

Key takeaways

  • The cryptocurrency market reversed its recent gains, with bullish traders losing over $800 million in the last 24 hours.
  • DOGE dropped by 6% after failing to hit $0.26.

DOGE dips lower on poor PPI data

The cryptocurrency market reversed its recent gains on the back of poor PPI data from the United States. Bitcoin hit a new all-time high of $124k on Thursday but quickly reversed its gains and dropped below $119k.

Ether was trading above $2,700 during the early hours of Thursday, but has lost 2% of its value since failing to surge past its current all-time high price. Meanwhile, DOGE, the native coin of the Dogecoin blockchain, was the worst performer among the top 10 cryptocurrencies by market cap, down 6% in the last 24 hours.

The bearish performance saw DOGE test the $0.21 support zone a few hours ago. It has slightly bounced back and is now trading above $0.23 per coin.

The market slump was caused by the recent Producer Price Index (PPI) data published by the U.S. Bureau of Labor Statistics on Thursday. The PPI for final demand rose 3.3% on a yearly basis in July, higher than the 2.5% analysts expected and June’s 2.4%. 

Furthermore,  the annual core PPI rose 3.7% in July, up from 2.6% in June. These data raised fresh concerns around inflation in the United States and whether the Federal Reserve will cut interest rates in its upcoming FOMC meeting.

DOGE targets the $0.25 TLQ

The DOGE/USD 4-hour chart is bearish thanks to Dogecoin’s recent performance. The technical indicators show signs of fading bullish momentum, but could recover if the bulls regain control of the market.

The MACD lines are still within the positive territory, suggesting that the bears don’t have full control yet. The MACD of 54 also shows that the DOGE/USD pair has not fully flipped bearish.

DOGE/USD 4H Chart

If the bulls regain control, DOGE could reclaim the nearest resistance and TLQ zone at $0.256 in the coming hours or days. An extended bullish run would allow it to surge past July’s high of $0.28. However, for that to happen, DOGE’s RSI needs to stay above the neutral 50.

On the flipside, if the bearish momentum grows stronger, DOGE could drop lower and retest last week’s low of $0.1874. The bulls would defend this level fiercely, as failure to do so could see DOGE drop below $0.15 for the first time since June.

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Ripple CTO highlights XRPL’s maturity and flexibility for next-generation of global finance

  • Ripple CTO says XRPL’s maturity, low fees, and flexibility make it ideal for future global finance.
  • XRPL offers a permissionless design with optional regulated features for broad financial use cases.
  • Proof-of-Authority consensus gives XRPL fast, predictable settlement for institutional-grade payments.

Ripple’s Chief Technology Officer (CTO), David Schwartz, has outlined how the XRP Ledger’s (XRPL) architecture and history position it as a competitive choice for powering future global financial systems.

His remarks come as more payments and stablecoin companies develop their own blockchains, reflecting a wider industry move to treat blockchain as core infrastructure rather than an experimental technology.

With financial institutions increasingly exploring blockchain for cross-border payments, asset tokenisation, and stablecoin issuance,

Schwartz’s emphasis on XRPL’s maturity highlights its potential role in meeting regulatory requirements and scaling operations for long-term, large-scale institutional-grade adoption worldwide.

XRPL’s maturity and role in financial infrastructure

According to Schwartz, Ripple adopted the vision of blockchain-based financial infrastructure over 13 years ago, using XRPL as the foundation. Over time, consistent updates and increasing institutional adoption have built a base of reliability, liquidity, and developer trust.

He noted that launching a blockchain is challenging, but building a sustainable ecosystem is significantly harder.

The XRPL’s long-standing presence, compared to newer blockchains, gives it a maturity advantage in supporting varied financial operations at scale, particularly in sectors where trust, compliance, and operational continuity are critical for long-term success.

Permissionless design with optional regulated features

A key distinction Schwartz made was between XRPL’s public, permissionless validator network and the permissioned models used by some other chains.

While permissioned systems can assist with compliance, their limited validator set can restrict global reach.

XRPL’s approach offers open participation for resilience and inclusivity, while still enabling optional permissioned features for regulated environments.

This flexibility, Schwartz said, allows XRPL to support a broad range of financial use cases.

Transaction fees remain low and predictable, paid in XRP, which also functions as a bridge asset for cross-border payments.

Importantly, XRPL does not require a separate gas token, reducing complexity for both developers and end-users.

Predictable settlement through Proof-of-Authority

Another differentiator highlighted was XRPL’s deterministic finality for transactions. Its Proof-of-Authority consensus model provides reliable settlement times, a feature that aligns with growing demand for predictable and compliance-friendly payment rails.

This makes XRPL a candidate for financial institutions seeking both speed and certainty in transaction processing, even in high-volume and cross-border scenarios.

Future developments to enhance institutional appeal

Schwartz expects the next phase of XRPL development to focus on improving programmability and liquidity. Compliance-grade capabilities are also on the roadmap, aimed at attracting more institutional participants.

As more blockchain developers enter the market, Schwartz sees this broader industry expansion as beneficial to the entire ecosystem and an opportunity for established platforms to demonstrate their advantages with sustained real-world adoption.

He concluded that XRPL’s combination of history, design, and adaptability positions it well for the next wave of blockchain-driven finance, with Ripple committed to refining the ledger for broader adoption.

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