According to PANews, Bitcoin's recent rise above $110,000 has led to a market shift towards major altcoins like XRP and SOL. Bitget's Chief Analyst, Ryan Lee, noted that XRP is benefiting from regulatory clarity and a technical breakout, potentially increasing its mid-term price to between $3 and $8. The XRP/BTC weekly chart has shown a bullish 'golden cross' signal. Meanwhile, SOL might reach $220 to $300, driven by ETF expectations. Despite ongoing macroeconomic uncertainties, QCP Capital believes the current rally has a more solid foundation, with market sentiment not yet overheated.

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