Solana and XRP market activity are leading a renewed focus on major altcoins as price rebound signals emerge. The altcoin season is said to be approaching as Solana (SOL) and XRP, at the center of major altcoins, show price recovery signals. The altcoin season index, excluding Bitcoin, is near 40%, and the total altcoin market cap has recovered to around $1.3 trillion, suggesting alts could rally independent of Bitcoin.
Whales are reportedly taking long positions in some altcoins while actively shorting Bitcoin, highlighting a potential rotation away from BTC. Weedson says some altcoins are surging because moves behind the scenes in the market are not widely understood. Ripple (XRP) has risen about 14% over the past seven days, breaking above $2.00 and reclaiming a top-four ranking. Analysts see XRP entering an upside cycle, with historical patterns showing multi-year cycles and expanding volume, though a breach of critical price zones is needed for a sustained rally.
XRP has undergone two major cycles in the past. The first occurred in 2014–2015 and the second in 2017–2018, both accompanied by roughly 50-month cycles and expanded trading volume. Earlier, after the 2018 peak, prices traced a long-term downtrend line with a gentle uptrend support, confined within a converging pattern. These compressive phases appeared to have broken to the upside in 2024–2025, with prices still oscillating above longer-term averages.
Leave a Reply