XRP and Dogecoin realized an impressive start to 2025, as both featured among the best-performing cryptos in the Grayscale weekly snapshot.
Including Dogecoin (DOGE) and XRP among top gainers is unsurprising, as the altcoin market kicked off 2025 with solid uptrend momentum. Per the Grayscale data, the memecoin joined XRP with strong elevation in the Dec. 26 to Jan. 2 spell.
XRP and DOGE Among Biggest Weekly Gainers
The Grayscale data shows XRP had an 11.9% return in the week to register the second largest gain starting Dec. 26 till Jan. 2 this year. A look into the chart shows by Jan 2., the XRP attained 15.9% in its year-to-date (YTD) return to elevate its market value to $139.9 billion.
The XRP trailed Cardano (ADA), which strongly reversed the recent downtrend to chart a 12.2% weekly return and 19% YTD per MarketWatch data. Although modest in its gains, Dogecoin saw an 8.6% rally within this spell to register the fourth-biggest gain within this timeframe.
Scrutiny into the data illustrates that the meme coin king has rallied 7.1% within 48 hours into the new year. At the time of publication, Dogecoin regained bullish steam to lift the market cap to $53.5 billion per CoinGecko data.
Altcoin Strong Rally in Grayscale’s Weekly Snapshot
The review of the weekly performance disclosed by Grayscale shows Cardano’s 12.2% surge as XRP followed suit with 11.9%. The recent uptrend by Cardano (ADA) saw this altcoin reclaim path toward the elusive unit price. While ADA fell short of printing the $1.0 milestone, it positioned the ninth-ranked crypto upward as the crypto community is optimistic of favorable development as Donald Trump’s inauguration edges closer.
Solana (SOL) claimed the third spot on the Grayscale crypto snapshot with a 10.5% weekly gain ahead of Dogecoin. The recent rally saw SOL close above the $200 milestone for the first time since Dec. 25, when Solana plunged from $201.40 to exchange hands below $190.
Grayscale weekly snapshot reports other altcoins, including Avalanche, Ethereum, Tron, and Binance Coin, realized sizeable returns in the spell ending Jan. 2. Notably, Avalanche (AVAX) attained 5.1% while Tron (TRX) and Ethereum (ETH) had 4.9% and 3.6% weekly returns except for Toncoin (TON), which slumped by 1.4% during this period.
Factors Fueling XRP and DOGE Rallies
Several factors drive the recent XRP surge, primarily optimism on the potential conclusion of the Ripple lawsuit leveled by the US Securities and Exchange Commission (SEC).
The XRP enthusiasts are confident that with the pro-crypto nominee Paul Atkins succeeding Gary Gensler as SEC chair, the multi-year lawsuit is edging for a resolution. The XRP army has often alleged that the Gensler-led securities watchdog oversaw an era of regulation by enforcement.
The speculation surfaced following the 119th US Congress inauguration that Ripple Labs’ chief profiled as having the most pro-crypto lawmakers. Besides an end to the case in the appeal phase, Ripple has ongoing strategic initiatives as it eyes entry into the lucrative derivatives market, tokenization and RLUSD stablecoin.
It appears that Dogecoin has recently gained the attention of leading market observers as most predict the largest meme coin could test unchartered territory in 2025. Notably, leading analyst Javon Marks disclosed in a recent X post, that DOGE could soar to $20 this bull cycle.
The optimistic prediction by Marks appears on course as whales accumulated 300M Dogecoins on Jan. 1. The heightened activity by the large investors signals anticipation of the DOGE likely surge to $20.
XRP has witnessed a spike in market activity with a daily trading volume of 1.7% up to $4.564 billion. Such contrast the DOGE market activity is currently 37.70% down to $3.696 billion in the past 24 hours.
