Dogecoin Spikes 11% as Bitcoin and XRP Bounce Back After Dive

Dogecoin, XRP, and Bitcoin have not only rebounded from Monday's plunge but are actually flying higher on Tuesday.

By Andrew Hayward

Jan 14, 2025

2 min read

Dogecoin. Image: Shutterstock

What went down on Monday is flying high again on Tuesday—including Dogecoin, Bitcoin, and XRP.

After plunging Monday amid fears that interest rates will remain high in 2025, Dogecoin has spiked by nearly 11% so far Tuesday, reclaiming all of its lost ground while surging higher.

At a current price of $0.357, DOGE is sitting at a nearly seven-day high, almost matching the price point from this time last Tuesday. But after torrid gains in December, Dogecoin remains down 12% over the last 30 days.

DOGE

+3.63%$0.1841

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Price data by

DOGE price

XRP is another major coin that completed the same kind of arc over the last day-plus, not only rebounding but flying even higher on Tuesday. As of this writing, XRP is priced at $2.66—the highest mark seen so far in 2025, and not far from the seven-year high price of $2.82 hit in December. It's up nearly 9% on the day.

The Ripple-linked asset may be soaring again amid growing optimism over potential XRP ETF approvals, not to mention growing connections between Ripple and the incoming administration as CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with President-elect Donald Trump last week.

Bitcoin itself has also fully recovered since Monday morning's dive, currently sitting at a price of $96,475 and up nearly 5% on the day. Ethereum, meanwhile, is up 6% with Solana showing a more than 5% jump on the day.

More than $300 million worth of futures bets have been liquidated over the past 24 hours, per data from CoinGlass—and in a reversal from Monday, most of those liquidated positions were shorts ($221 million).

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