Analyst: After Bitcoin's New High, Funds May Rotate; XRP Target Price Could Reach $8

According to HashKey, after Bitcoin successfully broke through $110,000 and entered a consolidation phase, the market's focus has begun to shift towards mainstream cryptocurrencies like XRP and SOL. Bitget's chief analyst Ryan Lee pointed out that XRP benefits from a clearer regulatory environment and a breakthrough in technical trends, with mid-term prices potentially rising to the $3 to $8 range. The weekly chart of XRP against BTC also shows a 'golden cross', a bullish signal. At the same time, influenced by ETF expectations, SOL could target the $220 to $300 level. QCP Capital believes that despite the ongoing macroeconomic uncertainties, the fundamentals of the current round of increases are more solid, and the overall market sentiment has not yet reached an overheated state.