After Bitcoin’s Milestone, Traders Forecast XRP Could Soar to $8 as Crypto Market Focus Shifts to Leading Tokens

XRP and Solana Rally as Traders Eye Next Crypto Leaders Amid Bitcoin Pause

With bitcoin trading just shy of its record highs, traders are shifting their focus to major altcoins, positioning for what could be the next leg of the crypto market’s rally.

Bitcoin hovered near $111,000 on Friday in Asia, taking a breather after hitting new all-time highs earlier in the week. Meanwhile, altcoins such as Cardano (ADA), Dogecoin (DOGE), and Solana (SOL) posted 4% gains, while Ethereum (ETH), XRP, and BNB notched more modest increases.

The move comes as investors speculate that bitcoin’s consolidation could pave the way for altcoin outperformance. The CoinDesk 20 Index, which tracks the top crypto assets, rose 1.2% in 24 hours, signaling broad market strength.

Ryan Lee, Chief Analyst at Bitget Research, said that falling bitcoin dominance may ignite a full-blown altcoin season. “XRP and SOL are at the forefront, supported by favorable regulatory developments and bullish chart patterns,” Lee noted.

XRP’s recent technical setup includes a rare golden cross versus BTC on the weekly chart — a potential signal of a long-term trend shift. Combined with a drop in legal uncertainty following the SEC’s retreat from its case against Ripple, traders are betting XRP could surge to $3–$8 in the months ahead.

Lee also sees SOL targeting the $220–$300 range on the back of speculation around a potential ETF listing, while ADA could break toward $3 if momentum builds.

Analysts at QCP Capital echoed this bullish tone in a Thursday update, calling bitcoin’s rally “structurally healthier” than past runs, underpinned by fundamental strength and relatively calm volatility. Still, they cautioned that macro headwinds — including stronger U.S. yields and a firmer dollar — could create short-term turbulence.

Meanwhile, FxPro analyst Alex Kuptsikevich said sentiment indicators suggest the market is approaching “extreme greed,” a sign that while the rally may continue, caution is warranted.

As capital flows rotate into top altcoins, traders appear ready to ride the next wave — with XRP and SOL emerging as prime contenders.