XRP Tops Grayscale Snapshot with Weekly Surge

XRP has captured significant attention this week as it soared to the number one spot on Grayscale’s weekly Crypto Snapshot, outperforming other major digital assets in a significant rebound that highlights its strengthening market momentum.

According to the latest market data from Grayscale Investments, XRP emerged as the top-performing asset among the leading ten cryptocurrencies (excluding stablecoins) in the report covering the week of July 31 to August 7, 2025. With a noteworthy gain of 9.7% over the seven-day period, XRP leapfrogged past heavyweights like Stellar, Cardano, and Dogecoin to secure its dominant position.

This outcome marks a dramatic shift in performance for XRP, which had recently slipped to sixth place during the prior week (July 24–31) after seeing a 3.9% weekly decline. The turnaround has boosted XRP’s momentum, both in weekly performance and long-range investor sentiment.

Year-to-date, XRP’s returns have now climbed to an impressive 59.4%. Its current market capitalization sits at approximately $196.4 billion, while its trading value has risen to $3.29—an increase of 11.30% over the week and a robust 36.45% over the last 30 days.

A major catalyst behind XRP’s strong showing stems from recent developments in the long-running legal dispute between Ripple and the SEC. In a significant shift, both parties jointly petitioned the Second Circuit Court to dismiss their respective appeals, signaling potential closure to the high-profile case. This move sent ripples through the crypto space, reinforcing investor confidence in XRP’s future prospects.

Other top-performing cryptocurrencies in Grayscale’s snapshot also posted notable weekly gains, although none matched XRP’s spike. Stellar followed closely in second position with a 9.1% increase, while Cardano secured third by gaining 6.3% during the same period. These digital assets have also experienced positive momentum, but XRP’s combination of legal clarity and market optimism propelled it ahead.

Rounding out the top ten, Dogecoin claimed fourth place with a 6.1% weekly rise, and Ethereum was next in line with a 5.8% increase. These gains, though solid, emphasize XRP’s standout performance in the most recent report.

Tron and Solana took the sixth and seventh places, respectively, posting weekly gains of 4.2%. Meanwhile, Bitcoin—the flagship cryptocurrency—found itself unusually low on the list, ranking eighth with a modest 1.5% increase. This underwhelming growth contrasts sharply with XRP’s surge and highlights a recent cooling in Bitcoin’s short-term momentum.

Closing out the list, BNB registered a meager 0.5% gain, placing it ninth. Hyperliquid landed in the tenth spot with no change in value this week. Despite its static performance, Hyperliquid still boasts the best overall year-to-date return at 69.5%, underscoring a strong historical growth pattern.

Related: XRP Price: $12M Max Pain for Bears

Grayscale’s Crypto Snapshot serves as an essential barometer for tracking weekly performance among top-tier cryptocurrencies. The exclusion of stablecoins ensures a clearer focus on true market movers and dynamic price action. XRP’s recent climb to the top spot not only affirms its resilience but also illustrates the significant impact that legal clarity and institutional confidence can have on a digital asset’s performance across the broader crypto market.