XRP, DOGE, SOL Lead Crypto Selloff, But Altcoin Season Still in Play If This Happens

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The cryptocurrency market saw significant declines on July 25, 2025, with major altcoins XRP, Dogecoin (DOGE), and Solana (SOL) leading the downturn. According to CoinDesk, the selloff followed Bitcoin’s (BTC) failure to hold above key resistance levels, triggering a broader market retreat. XRP dropped 8%, DOGE fell 9.5%, and SOL declined 10.2% amid the pullback.

Despite the sharp correction, analysts suggest altcoin season could still materialize if Bitcoin stabilizes. Market observers note that altcoins often underperform during BTC’s consolidation phases but tend to rally strongly when Bitcoin establishes a steady trading range. The current pullback may represent a healthy correction rather than a trend reversal, especially with several altcoins showing strong fundamentals.

Technical indicators reveal mixed signals for the altcoin market. While some metrics point to oversold conditions that could precede a rebound, others warn of potential further downside if Bitcoin continues to weaken. Traders are closely watching Ethereum’s (ETH) performance as a bellwether for altcoin sentiment, with ETH’s ability to hold key support levels seen as critical for the broader altcoin market.

The coming days will prove decisive for altcoin traders. If Bitcoin finds stability above $60,000, history suggests capital could rotate back into altcoins, potentially reigniting the altcoin season narrative. However, failure to hold current levels may extend the correction phase. As always in crypto markets, volatility remains the only certainty but for altcoin believers, this dip may represent a buying opportunity rather than a reason to panic.