XRP and Dogecoin Lead Weekly Performance: What’s Behind the Surge?

Grayscale's Top Cryptocurrency Performers

Ripple (XRP) and Dogecoin (DOGE) emerged as top contenders in Grayscale's weekly performance report from December 26, 2024, to January 2, 2025. These assets delivered notable gains, securing their positions among the week's most significant winners.

XRP's Impressive Performance

XRP achieved an impressive 11.9% return, placing it as Grayscale's second-highest-performing cryptocurrency. As of January 2, XRP boasts a year-to-date (YTD) increase of 15.9%, with its market capitalization surging to $139.9 billion. Its weekly performance was narrowly overshadowed by Cardano (ADA), which posted a 12.2% gain.

Dogecoin's Steady Momentum

Meanwhile, Dogecoin gained 8.6% during the same period, securing the fourth spot on Grayscale's list. DOGE's momentum continued into the first two days of 2025, with a 7.1% increase, propelling its market capitalization to $53.5 billion.

Grayscale's Top Performers of the Week

Grayscale's report highlighted several notable assets, including:

• Cardano (ADA): 12.2% weekly gain
• XRP: 11.9% weekly gain
• Solana (SOL): 10.5% weekly gain
• Dogecoin (DOGE): 8.6% weekly gain
• Avalanche (AVAX): 5.1% weekly gain

Other significant mentions include Tron (TRX) with a 4.9% gain, Ethereum (ETH) at 3.6%, Binance Coin (BNB) at 2.6%, Bitcoin (BTC) at 1.3%, and Toncoin (TON) with a negative return of -1.4%.

Factors Driving XRP and Dogecoin's Gains

XRP's Rally:
XRP's rally is attributed to optimism surrounding the ongoing SEC v. Ripple lawsuit. Market sentiment suggests that Ripple could prevail under the SEC's crypto-friendly leadership. Ripple CEO Brad Garlinghouse's comments about the U.S. Congress becoming increasingly crypto-positive further fueled this bullish outlook.

Dogecoin's Interest:
Dogecoin has experienced growing interest from both retail and institutional investors. Analyst Javon Marks predicts that DOGE could surpass $20 by the end of 2025, driving heightened accumulation among whales. Notably, whales purchased 300 million DOGE on January 1, signaling their strong confidence in the asset's potential.

Conclusion: Momentum Builds for XRP and Dogecoin

Ripple (XRP) and Dogecoin (DOGE) have demonstrated their resilience, capturing investor attention with promising developments and robust weekly performances. As the cryptocurrency market continues to evolve, these leading assets are expected to attract further interest and momentum. Turkish NY Radio will continue to provide updates and insights into their performance and market dynamics.