Altcoin season nears as XRP and Dogecoin lead the charge

Altcoin season isn’t just a rumour anymore - according to some market watchers, it’s starting to look real. While Bitcoin takes a breather, XRP and Dogecoin are charging ahead, grabbing headlines and stirring up the kind of momentum we haven’t seen in months. With billions in inflows and technicals lighting up like a Christmas tree, analysts believe the market feels like it’s on the edge of something big. So, is this the start of a full-blown altcoin comeback? 

XRP and Dogecoin set the pace

Let’s start with the obvious standouts. XRP has just hit $3.66, marking a multi-year high and flashing signals that it might be far from done. It’s up nearly 90% since April, and analysts are now eyeing potential targets between $7 and $10 - yes, really.

Meanwhile, Dogecoin, everyone’s favourite meme coin turned market heavyweight, is back above $0.20 for the first time in over six weeks. It’s rallied more than 18% in a week, pulled in nearly $10 billion in fresh capital, and is seeing open interest double across futures markets. It may have started as a joke, but right now, Doge is no laughing matter.

Other Altcoins surge significantly

It’s not just XRP and Dogecoin getting all the attention. Solana and Cardano have also made solid moves, climbing 5–8% in 24 hours. Meme coins are having another moment (again), fuelled by Pump. fun’s token frenzy and even a few eyebrow-raising appearances from Trump and Melania-themed coins.

In short, many say this isn’t just a random spike - it’s starting to feel like a coordinated rotation of capital back into altcoins. The kind of movement that tends to gather pace… and attention.

Bitcoin dominance is seemingly fading

Interestingly, all of this is happening while Bitcoin stays flat. Even after hitting new highs recently, BTC has lost a bit of its dominance, dropping from 65% to below 61.5% of the total market cap. 

That might not sound like much, but in crypto terms, it’s a solid sign that traders are looking elsewhere for opportunity.

And where are they looking? You guessed it - altcoins.

Is this the altseason?

There’s been plenty of talk that true alt seasons are a thing of the past - a relic of pre-ETF crypto cycles. But when you see 77 of the top 100 coins in the green, billions flowing into speculative plays, and Bitcoin losing a bit of spotlight… it starts to feel like the tide is turning.

Sure, we’re not at full-blown frenzy just yet. But if XRP clears its resistance and Dogecoin keeps pushing higher, this could be the start of a much larger move.

Altcoin technical analysis signals bullish momentum

From a chart perspective, the pieces are falling into place. XRP’s dominance is testing a level it hasn’t properly broken in over 2,200 days. History shows that when it does crack through, price tends to follow quickly. One analyst called it a potential “mega bullish wave”, and to be fair, the setup looks convincing.

Dogecoin, too, is pressing against key resistance, with whales taking leveraged long positions and liquidity clustering around the $0.24 level. That’s often a precursor to volatility, for better or worse. 

At the time of writing, XRP still looks bullish after a huge spike, though signs of exhaustion are evident on the daily chart. The volume bars also back the bullish narrative, but with caution because sellers are now offering significant pushback. Should sellers overcome, we could see prices crashing and getting support at the $2.2618 and $2.1342 support levels. On the other hand, if we see an uptick, prices could struggle to break through current levels at around $3.5013. 

DOGE has also been going parabolic as prices go into price discovery mode. The bullish narrative is backed by volume bars showing little seller pushback to buyer dominance over the past few days. If sellers push back with more conviction, we could see a considerable price reversal with sellers potentially being held at the $0.1964 and $0.1678 price levels.