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Cryptocurrency

XRP Predictions, LTC Updates, and Market Highlights: Bits Recap for January 31

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TL;DR

  • Ripple (XRP) holds strong above $3, with analysts eyeing a new ATH in the near future.
  • Litecoin experienced a substantial revival, boosted by the SEC’s acknowledgment of a potential spot LTC ETF. Targets range up to $350.
  • Bitcoin (BTC) has fluctuated between $98K and $106K, recently rebounding after Jerome Powell’s FOMC speech. One popular analyst suggests the price could reach over $184K before the current cycle ends.

Is XRP Preparing for Another Major Rally?

Ripple’s XRP remains one of the best-performing cryptocurrencies since the election of Donald Trump as America’s next president. Recall that the asset’s price was hovering below $0.55 before the voting on November 5 last year, while two months later, it skyrocketed to almost $3.40 or just 1% away from reaching its all-time high (according to CoinGecko’s data).

In the past few weeks, XRP witnessed some turbulence, with its valuation briefly plummeting below $2.80 on January 27. In the following days, the bulls managed to recover some of the lost ground, and the price is currently set at around $3.10. 

XRP Price
XRP Price, Source: CoinGecko

Numerous pro-XRP analysts, who did not lose hope even during the bear market, have recently filled X with optimistic predictions. Some examples include JackTheRippler and EGRAG CRYPTO. The former claimed the pricehas never been so long in the $2-$3 range in its entire history,envisioning a major bull run once the consolidation ends. For their part, EGRAG CRYPTO believes XRP could go into uncharted territory if it breaks above $3.40. 

Interestingly, some industry participants who have not been so kind to Ripple’s native token have also changed their stance. The X user Crypto Beast predicted that XRP might skyrocket to $15 if banks around the world integrate the token into their systems.

“I used to be an XRP hater.. now I love it,they said.

Veteran trader Peter Brandt is another example. Earlier this month, he apologized to the XRP community for his past criticism, making several bullish forecasts. Most recently, he spotted the formation of a bull flag on the asset’s price chart, indicating potential gains in the near future. 

LTC in the Spotlight

While most leading cryptocurrencies have underperformed in the past week, this is not the case with Litecoin (LTC). It is up by 12% for that timeframe, currently trading at roughly $130.

LTC
LTC Price, Source: CoinGecko

Perhaps the most important factor contributing to its rally is the US SEC’s acknowledgment of Canary Fund’s intention to launch a spot LTC exchange-traded fund (ETF). The product (if officially approved by the regulator) will enable additional options for investors to gain exposure to the asset and could positively affect the price in the long term. 

Several market observers have noted the resurgence, envisioning further gains for LTC. The X user Mac assumed the price could rise to $200, whereas JAVON MARKS set a potential target of over $350. Those curious to explore additional forecasts, please look at our article here.

BTC Price Outlook

Lastly, we will touch upon the primary cryptocurrency, which has been hovering in the wide range of $98K – $106K in the last seven days.

The local bottom occurred at the start of the business week when many other digital assets suffered losses due to the overall market decline. However, Bitcoin (BTC) witnessed a substantial recovery and touched $106,000 following Jerome Powell’s press conference after the latest FOMC meeting. As of writing these lines, it is trading at approximately $104,300.

BTC Price
BTC Price, Source: CoinGecko

Meanwhile, many analysts believe the asset has yet to hit new peaks during this bull run. Ali Martinez, for instance, claimed the valuation could surpass $184,000 before a potential cycle shift. 

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Cryptocurrency

Coinbase Tanks 11% Pre-Market After $1.5B Q2 Revenue Miss

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Coinbase shares fell sharply after the company reported second-quarter earnings that missed expectations. Total revenue for the quarter came in at $1.5 billion, representing a 26% decline from the previous quarter.

The shortfall was largely driven by weaker-than-expected transaction revenue, which fell 39% quarter-over-quarter to $764 million.

Missing Expectations

In the official release, Coinbase revealed that its subscription and services revenue also declined 6% to $656 million. Despite efforts to reduce variable costs, operating expenses climbed 15% to $1.5 billion. Coinbase attributed this largely to the $307 million hit related to the data breach disclosed in May.

The crypto exchange recorded a net income of $1.4 billion, but this figure included $1.5 billion in pre-tax unrealized gains from strategic investments, including in Circle, as well as a $362 million pre-tax gain from its crypto investment portfolio. On an adjusted basis, net income stood at just $33 million, with adjusted EBITDA reaching $512 million.

Coinbase’s trading activity also underperformed the broader crypto spot market, as global and US crypto spot volumes declined 31% and 32% respectively. Meanwhile, its total trading volume fell 40% to $237 billion, and the consumer segment witnessed a 45% drop to $43 billion.

Consumer transaction revenue plunged 41% to $650 million, as volume shifted toward Simple trades amid low volatility. Institutional transaction revenue also saw a similar pattern, down 38% in both volume and revenue.

While Base Chain activity grew, other transaction revenue dropped 21% as average revenue per transaction declined.

As of the close on the previous trading day, Coinbase (COIN) shares were priced at $377.76, up slightly by $0.28. However, pre-market trading shows a sharp decline, with the stock down $42.30 (-11.20%) to $335.46. This steep drop suggests a strong negative reaction from investors, likely in response to recent earnings results.

Despite grappling with declining revenues and rising costs, Coinbase is doubling down on product innovation.

“Everything App”

Earlier this month, Coinbase rebranded its Wallet as the Base app, launching a crypto-focused “everything app” that merges trading, social media, USDC payments, mini-apps, and tokenized posts.

Announced at its “A New Day One” conference, the app runs on Coinbase’s Ethereum Layer 2 network and integrates Farcaster for social feeds, Zora for post tokenization, and encrypted XMTP chat. Users can earn from tips, interact with AI agents, and make one-tap payments.

The platform also introduced Base Pay for Shopify merchants and plans 1% USDC cashback in the US. The app is in beta, while a full public release and developer tools are expected soon.

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Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?

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TL;DR

  • Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling.
  • Analysts see support in the long-term channel and a wedge pattern aiming for $0.265.
  • Large holders bought 310 million coins, while Bit Origin added 40 million to reserves.

Dogecoin Records Sharp Daily Decline

Dogecoin (DOGE) fell 8% in the past 24 hours, dropping from $0.22 to $0.21. This was one of the steepest daily moves for the token in July. The price action moved within a $0.23 to $0.20 range, facing resistance at the top and heavy selling near the session close.

However, trading volumes spiked, with a midnight surge to 1.25 billion DOGE, which points to large liquidations and cascading sell orders from leveraged positions. 

Dogecoin trades at $0.20 as of press time, down 11% over the past week, giving it a market cap of $31 billion.

Long-Term Channel Remains Intact

Trader Tardigrade shared a 1-month chart showing DOGE inside a long-term ascending channel that has held since 2014. DOGE has often bounced from the lower boundary of this channel, shown in pink on the chart.

Meanwhile, the current price is near the lower-middle part of the channel, an area that has led to multi-month rallies when the trend held. Dogecoin’s long-term structure stays intact while it trades within this ascending channel, even after the recent decline.

In addition, Trader Tardigrade also noted that Dogecoin’s monthly candle closed as the third consecutive bullish engulfing candle, which he described as a setup for a potential “move to Valhalla.”

Short-Term Wedge and Institutional Activity

Ali Martinez noted that DOGE may be forming a falling wedge on the 1-hour chart, with a projected target of $0.265. A move above $0.229–$0.230 would confirm bullish momentum, while $0.215–$0.210 remains key support if the wedge fails.

Institutional wallets acquired 310 million DOGE during the correction. Bit Origin added 40 million DOGE to its treasury under a $500 million diversification program. Broader crypto markets remain pressured by macroeconomic uncertainty, with inflation and equity risk shaping short-term demand.

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Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

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[PRESS RELEASE – Covina, United States, August 1st, 2025]

Within the Ethereum ecosystem, Pepe Dollar ($PEPD) has entered its presale phase. Described as a meme token with integrated utility and cultural references, $PEPD introduces a tokenomics structure intended for long-term application. Certain Ethereum wallet holders have initiated ETH transfers to the presale, indicating early transactional activity.

Overview of $PEPD’s Positioning

Pepe Dollar ($PEPD) enters the market as a parody token referencing central banking themes, aiming to engage users through cultural commentary and decentralized finance (DeFi) mechanisms. Unlike traditional meme tokens, which often adopt simplified or repetitive token structures, $PEPD integrates design elements that combine cultural motifs associated with Pepecoin and components of DeFi architecture.

Comparison to Prior Meme Tokens

Pepe Dollar ($PEPD) enters the Ethereum ecosystem following the emergence of other meme tokens such as Pepecoin ($PEPE), $BONK, $LILPEPE, and $HYPER. The $PEPD model incorporates a tokenomics framework that includes a burn mechanism framed as a commentary on centralization. Its listing on CoinMarketCap has contributed to broader visibility. On-chain data indicates that several large Ethereum wallets have begun transacting with the token during its presale phase.

Pepe Dollar Presale – ETH’s Capital Rotation

Pepe Dollar’s presale architecture and project identity offer a compelling setup:

Presale Fundamentals:

  • Current Price: $0.004688
  • Tokens Sold: 166,938,905
  • Next Presale Price (Stage 2): $0.006495
  • Launch Price: $0.03695

Tokenomics and Supply

Pepe Dollar ($PEPD) will have a fixed supply of 3.6951 billion tokens. According to the project, 29% of the total supply is scheduled to be permanently removed at launch through a mechanism termed the “Federal Burn,” which is framed as a symbolic reference to traditional inflationary monetary systems.

Additional details disclosed by the development team include:

  • No developer tax mechanisms
  • No backdoor unlock functions
  • A publicly documented tokenomics model

Ethereum-Native Infrastructure

Pepe Dollar is designed to launch natively on Ethereum and integrate with existing Ethereum-based DeFi tools. The protocol includes functionality to support a meme asset minting platform, enabling users to create, deploy, and govern new assets using $PEPD. The project describes itself as operating at the intersection of cultural commentary and decentralized finance.

Project Links and Official Channels

About Pepe Dollar ($PEPD)

Pepe Dollar ($PEPD) is a decentralized Layer-2 payment infrastructure designed for the meme economy. Positioned as a satirical digital asset, $PEPD offers an alternative approach to traditional financial systems and aims to facilitate value creation within decentralized ecosystems.

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