XRP News Today: Altcoins Gain Traction as Bitcoin Dominance Dips 4%

Altcoins have struggled to keep up in the current market cycle, even as Bitcoin (BTC) price repeatedly hits new all-time highs. This has been reflected in Bitcoin’s rising dominance, highlighting its outperformance over most altcoins. However, with BTC now consolidating just below $111,000 after a strong week, traders are starting to rotate into major altcoins like XRP, Solana (SOL), and Cardano (ADA), sparking bullish sentiment for a potential altcoin season.

Bitcoin’s recent surge, powered by institutional interest and regulatory clarity, is starting to lose steam as traders book profits. This has opened the door for high-cap altcoins to shine. Solana and ADA rose up to 4% in the last 24 hours, while XRP gained modestly by under 1.5%. Ether and BNB also ticked higher.

According to Ryan Lee, Chief Analyst at Bitget Research, we could be on the verge of a broader altcoin rally if Bitcoin’s dominance dips. He believes XRP and Solana are in prime position to lead this move. Lee points to XRP’s improving legal standing and a bullish chart pattern known as a golden cross, which could drive the token toward the $3 to $8 range.

The optimism comes on the back of last month’s SEC decision to halt appeals against Ripple. With regulatory clouds clearing, XRP has broken out of a long-running sideways trend. Meanwhile, SOL is seeing momentum from speculation around a potential ETF and could head toward $220–$300, according to Lee.

QCP Capital added that Bitcoin’s current rally feels more stable than previous ones, driven by strong fundamentals and lower speculation. However, they caution that macro factors like rising U.S. bond yields, renewed trade tensions, and a stronger dollar could still create bumps in the road, especially for altcoins.

As traders shift their focus from Bitcoin, altcoins such as XRP, Solana, and ADA are gaining traction, hinting at a potential altcoin season. This rotation comes as Bitcoin's momentum appears to be waning, with analysts suggesting that investors are looking for opportunities in alternative cryptocurrencies. The surge in XRP, Solana, and ADA prices indicates a growing interest in these digital assets, which could signal a broader trend in the market. Ethereum, another major altcoin, has also shown signs of recovery, with its price regaining momentum after a period of stagnation. This shift in investor sentiment could be driven by a variety of factors, including the potential for higher returns and the diversification of investment portfolios. As the market continues to evolve, it will be interesting to see how these trends develop and whether altcoins can sustain their recent gains.