XRP Hits Remarkable Height On Grayscale
Main Idea
XRP achieved the top position in Grayscale's weekly rankings with a 9.7% gain, driven by market momentum and legal developments in the Ripple vs. SEC case.
Key Points
1. XRP posted a 9.7% gain from July 31 to August 7, securing the top spot in Grayscale's weekly snapshot of top-performing non-stablecoin assets.
2. The price of XRP traded between $3.10 and $3.30 during the period, showing strong rally and concentrated buying pressure.
3. Recent developments in the Ripple vs. SEC legal case and institutional interest through Grayscale's Digital Large Cap Fund (GDLC) contributed to XRP's performance.
4. Grayscale's weekly rankings highlight short-term momentum, reinforcing XRP's visibility among institutional and retail investors.
Description
XRP has taken the spotlight this week after delivering an impressive one-week performance that placed it at the very top of Grayscale’s latest Crypto Snapshot. The update, highlighted by prominent XRP advocate JackTheRippler on X, shows the token outperforming all other assets in the top 10, securing the leading position based on short-term returns. XRP Leads Grayscale’s Weekly Rankings Grayscale’s Crypto Snapshot – Assets ranks the top-performing non-stablecoin cryptocurrencies by weekly percen...
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