XRP Takes Top Spot in Grayscale Weekly Crypto Snapshot
XRP’s recent performance has earned it the top position in Grayscale’s Crypto Snapshot, making it the best-performing cryptocurrency of the week.
Fresh data from Grayscale Investments shows that XRP outperformed major assets like Stellar, Cardano, and Dogecoin to clinch the first position in Grayscale’s Crypto Snapshot – Asset. For context, the Crypto Snapshot – Assets is a weekly report from Grayscale showing the performance of the top 10 cryptocurrencies, excluding stablecoins.
Latest updates from the SEC and Ripple lawsuit had a significant impact on the performance of XRP this week. The token, which was gradually recovering from the widespread sell-off driven by President Trump’s tariff update, experienced a significant surge after the SEC and Ripple asked the Second Circuit to dismiss their appeals.
Performance of Other Top 10 Non-Stablecoin Cryptos
As a result, XRP secured the top position in the Grayscale Crypto Snapshot, outperforming Stellar and Cardano, which ranked second and third, respectively. According to the data, Stellar claimed the second position with a weekly gain of 9.1%. In comparison, Cardano’s price grew 6.3% over the week, positioning it as the third-best performing cryptocurrency in Grayscale’s Crypto Snapshot.
Notably, Dogecoin, Ethereum, Tron, and Solana occupied the fourth, fifth, sixth, and seventh positions, posting gains of 6.1%, 5.8%, and 4.2% over the week. Bitcoin sits near the bottom of the leaderboard, ranking eighth among the best-performing top 10 non-stablecoin cryptocurrencies. As of August 7, the premier cryptocurrency saw a modest gain of only 1.5% over the week.
BNB and Hyperliquid found themselves in the ninth and tenth positions on the leaderboard. While BNB registered a slight growth of 0.5% over the week, Hyperliquid did not see any gain or loss in the same timeframe. Despite having a flat performance this week, Hyperliquid still has the highest year-to-date returns at 69.5%.
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