XRP News Today: Altcoins Surge as Bitcoin Dominance Declines XRP Gains 29% This Week

In a notable shift within the crypto markets, altcoins have begun to outshine Bitcoin, with tokens such as XRP, Conflux (CFX), and Pudgy Penguins (PENGU) experiencing triple-digit gains in recent days. This surge in alternative digital assets coincides with a period where Bitcoin’s dominance is beginning to decline, paving the way for an altseason that is gaining momentum from various angles.

XRP, the native token of Ripple, has seen a significant surge, increasing by more than 29% this week. This has pushed its price to levels last seen in late 2021 and elevated its market cap above $210 billion. Over the past month, the altcoin has gained over 65% in value. The recent price hike has placed XRP’s valuation ahead of global energy giant Shell, highlighting the growing influence of crypto assets in mainstream financial landscapes. Analysts attribute this bullish momentum to several factors, including the recent launch of Ripple’s RLUSD stablecoin and a new filing with the US Office of the Comptroller of the Currency (OCC). Additionally, the signing into law of the GENIUS Act provides a clearer path for stablecoin issuers like Ripple. Well-known market analyst Dr. Cat recently noted that the XRP/BTC trading pair is “coiling” beneath a critical resistance level at 2,674 satoshis. If XRP closes July above that zone, it could signal the formation of the first bullish Ichimoku Cloud “kumo twist” in nearly six years, a rare signal that typically precedes explosive rallies. While a Tenkan-Kijun cross is yet to confirm the move, the overall structure remains firmly bullish, with price targets between $6 and $10 now in focus if Bitcoin continues its upward trajectory toward $144,000.

Conflux (CFX) is surging on geopolitical and technological momentum, doubling in value over the past week to hit $0.23 — a seven-month high. The altcoin has seen a 104% price surge over the past week and nearly 200% rise over the past month. This price rally follows the unveiling of Conflux 3.0, a major upgrade that promises a 15,000 transactions-per-second throughput and native on-chain AI agent support, both of which point to a high-performance future for the network. What’s drawing institutional attention, however, is the announcement of a new RMB stablecoin initiative aligned with China’s Belt and Road strategy. This push is seen as a direct response to rising demand for blockchain-based financial infrastructure across Asia, with Conflux positioned as a key gateway for international settlements.

Cultural assets are also joining the party, with PENGU, tied to the Pudgy Penguins NFT collection, surging over 27% in the last 24 hours and smashing through key resistance levels. This breakout follows a clean technical formation, with the price escaping a symmetrical triangle that had capped action since mid-July, sending PENGU to a multi-month high at $0.3959 after the partnership between Pudgy Penguins and Suplay Inc. Notably, the altcoin’s value has risen by more than 314% over the past month and by 654% over the past three months. However, with the Relative Strength Index (RSI) now showing overbought conditions, a modest pullback to the $0.031–$0.032 range may serve as a reset before the next leg higher. Meanwhile, the NFT market is showing signs of a powerful revival, with trading volumes jumping 370% in a single day and overall market capitalisation rising 17% to cross the $6 billion mark. Pudgy Penguins now ranks as the second-largest NFT collection by market cap, with its floor price soaring more than 16% to 16.75 ETH, or roughly $63,500.

Bitcoin’s recent dip in dominance has created fertile ground for alternative digital assets to assert themselves, and the current rally across altcoins appears to be both broad-based and multi-dimensional. Analysts are anticipating the next six months to be massively bullish for altcoins. As Bitcoin slowly climbs toward new highs, the market is clearly favouring assets like XRP, CFX, and PENGU that offer unique value propositions, and for now, altcoins are leading the charge.