XRP Price Surges 44%, Outperforms Bitcoin and Crypto Market

XRP's price surge of 44% over seven days marks one of its most impressive weekly performances in recent memory. The digital asset briefly surpassed $1.50 before consolidating around $1.44 on Wednesday.

This significant upswing coincided with a wider cryptocurrency market rebound, driven by the U.S. Treasury's announcement of an expanded bond-buyback initiative. Bitcoin surged from under $68,000 to approach $80,000, but XRP outperformed it and most other leading digital assets throughout this rally.

Ripple contributed positively to the narrative with its backing for a new institutional credit fund issuing loans denominated in RLUSD stablecoin via the XRP Ledger infrastructure. Market analyst Ted Pillows noted that 7 days of gain erased 7 months of pain, reflecting XRP's turnaround from its weakest weekly close in 21 months just two weeks prior.