XRP Could Rocket to $8 as Focus Shifts to Crypto Majors After Bitcoin's Record Run: Traders
Traders are rotating into major altcoins like XRP and Solana’s SOL as bitcoin consolidates near its record highs.
Bitcoin reached new highs this week, with institutional demand and regulatory clarity driving interest in major tokens.
XRP and Solana are positioned to benefit from a potential altseason, with XRP showing bullish signals and Solana buoyed by ETF speculation.
Broader macroeconomic risks, such as rising U.S. yields and a stronger dollar, could introduce volatility, especially for altcoins.
Attention is turning to major tokens as bitcoin
BTC
$108,755.81
set fresh highs earlier this week, with some pointing out that institutional demand and a clear regulatory environment pave the way for strong moves among the top coins.
Bitcoin was hovering just under $111,000 during the Asian morning hours on Friday, seeing a slight pullback on profit-taking as is expected after upward moves. Cardano’s
$0.77852
, dogecoin
and Solana’s
$177.61
added as much as 4%, while ether