In the 2008 Olympic season, Kapranova won the bronze medal in all-around at the 2008 European Championships behind silver medalist Anna Bessonova and with rising star teammate Evgenia Kanaeva taking the gold medal. She was selected to compete in the 2008 Summer Olympics after beating Vera Sessina to take the second spot in the Russian team, along with Evgenia Kanaeva. She was ranked second in the qualifications and finished fourth in the Women's Individual event finals.