Ripple bucks the trend and rises 41% in a week, surpassing Bitcoin and Ethereum

XRP has shown remarkable resilience during the recent major price correction in the cryptocurrency market, while Bitcoin, Ethereum, and Solana have performed poorly.
Market data shows that XRP, which is generally considered an underperformer, recorded a gain of 4.1% in the past week on the CoinDesk 20 Index. In contrast, top cryptocurrencies Bitcoin and Ethereum saw notable losses.
XRP outperforms Bitcoin, Ethereum
The decline comes as the market has witnessed a slow but sustained price retracement over several weeks, causing significant concern among investors. Yesterday, Bitcoin fell to $64,066, down from $70,000 a week ago. Likewise, Ethereum fell to $3,374, down from last week’s price of over $3,600.
During this period, Solana (SOL) and Cardano (ADA) dropped more than 18%. In contrast, XRP’s performance remained positive. Although XRP fell as low as $0.4647 in the past seven days, it rose to a high of $0.5191. Yesterday, the asset maintained its position around $0.5 while other top-ranked cryptocurrencies experienced significant losses.
Notably, Uniswap (UNI) dominated the index this past week, with its price rising by 6.8%, pushing the token to $11.98, compared to just around $7 last month. According to market data, only XRP and UNI showed positive returns in the index this week.
Other cryptocurrencies, including Litecoin (LTC), Chainlink (LINK), ADA, BTC, ETH, and Dogecoin (DOGE), saw single-digit negative returns. Meanwhile, the worst performing cryptocurrencies in the index with double-digit percentage losses include Internet Computer (ICP), Near Protocol, Shiba Inu (SHIB), and Filecoin (FIL).
XRP sees improved market position
Furthermore, XRP’s improved market position is confirmed by a new analysis from independent research firm Fairlead Strategies.
In its latest review of the 12-week Relative Rotation Chart (RRG) of top altcoins against Bitcoin, Fairlead Strategies revealed that XRP has moved from the lagging quadrant to the improving quadrant.
This shows that while XRP still has low strength compared to BTC, its performance is strengthening. Other assets that are in the improving quadrant alongside XRP include LINK and ETH. The analysis suggests a potential spin opportunity where capital could flow into these improving altcoins.
Conversely, DOGE, Solana, and Bitcoin Cash (BCH) are in the Weak quadrant, indicating continued underperformance and a possible move to the Laggards quadrant.
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