XRP led a sharp advance across major cryptocurrencies this week, rising nearly 40% and briefly trading above $1.40 for the first time in months as Bitcoin recorded its largest weekly gain in two years. Bitcoin climbed above $79,000 on Friday, helping lift Ethereum, Solana, Cardano and a group of faster-moving tokens as buying spread beyond the market’s largest asset.
The rally placed XRP among the week’s strongest major-token performers. Its 39% weekly increase outpaced Bitcoin and Ethereum, which rose between 24% and 28%, according to the market figures provided. The move also marked a change from recent weeks, when gains had been concentrated in a smaller number of large-cap assets and Bitcoin’s price direction set the tone for much of the market.
Bitcoin’s rise above $79,000 gave the move a clear focal point. The asset had not posted a weekly advance of this scale in two years, while the return above a major round-number level triggered wider interest across tokens with large retail trading followings and active derivatives markets.
xrp breaks above $1.40 as gains broaden
XRP’s move above $1.40 was its first visit to that range in months. The token’s weekly gain came as traders rotated into several assets that had lagged Bitcoin during quieter periods of trading, though the scale and speed of the rise leave prices vulnerable to similarly rapid reversals.
Solana and Cardano also posted substantial weekly gains, extending the rally beyond Bitcoin and Ethereum. Their performance suggested that market appetite had moved into large alternative cryptocurrencies rather than remaining confined to Bitcoin, which often absorbs the bulk of new demand during the early stages of a market rebound.
That broader participation can create stronger short-term momentum, but it also makes the market more dependent on liquidity conditions. When prices climb quickly across unrelated tokens, derivatives positions and short-covering can amplify gains beyond what spot-market demand alone would support.
Bitcoin’s ability to hold above $70,000 was identified by analysts as an important test for whether the advance could persist after the week’s short-squeeze dynamics fade. A short squeeze occurs when traders who bet on lower prices are forced to buy assets to close their positions, adding demand during an upward move.
hyperliquid reaches a record after trump comments
Hyperliquid’s HYPE token was another major winner, rising 37% during the week and reaching a new all-time high near $78 on Friday morning. The move followed comments attributed to President Donald Trump, who said on Wednesday that the Commodity Futures Trading Commission was working to bring the onchain perpetuals trading platform to the United States in a “fully compliant and legal fashion.”
Hyperliquid operates an onchain market for perpetual futures, derivatives contracts that do not have an expiry date. The platform has attracted substantial interest because it combines the rapid trading experience associated with centralized venues with blockchain-based settlement and custody mechanisms.
Trump’s remarks gave traders a potential regulatory narrative for HYPE’s advance. Access to the U.S. market under a compliant framework would materially expand the platform’s addressable user base, though the comments did not provide a timetable, licensing structure, or formal CFTC decision.
The sharp reaction in HYPE also illustrates how regulatory expectations can quickly influence token pricing, particularly for platforms whose business models depend on access to major markets. A supportive political statement can reshape short-term sentiment, while the eventual outcome would depend on detailed rules, registrations and the agency’s treatment of onchain derivatives products.
zcash and chainlink join the advance
Zcash and Chainlink each gained more than 30% during the same period, placing them alongside HYPE among the week’s strongest performers. Their inclusion showed that the rally was not limited to one category of digital asset: XRP is closely watched for its payments-network association, Chainlink provides blockchain data infrastructure, Zcash is known for privacy-focused technology, and Hyperliquid is tied to onchain derivatives trading.
Such a mix points to a market move driven more by improving risk appetite and trading flows than by a single sector-specific development. It also complicates efforts to identify one catalyst behind the entire rally. Different tokens had their own immediate narratives, while Bitcoin’s breakout supplied the market-wide momentum.
Bernstein pointed to the U.S. Treasury’s expanded buyback program as a possible liquidity catalyst. Treasury buybacks involve the government repurchasing outstanding debt, a process that can affect conditions in government-bond markets. The connection to cryptocurrency prices remains indirect, and the scale of digital-asset gains suggests that market positioning and derivatives activity also played a role.
bitcoin remains the market’s anchor
Bitcoin’s market dominance recently reached 58.7%, according to the figures supplied, meaning it accounted for more than half of the total value of all cryptocurrencies. The reading indicates that even as alternative tokens rose faster this week, Bitcoin remained the market’s central liquidity pool and the principal asset used by traders seeking broad exposure to the sector.
That balance is relevant for XRP and other large tokens. Alternative-coin rallies can continue while Bitcoin holds firm, but they often become less durable if capital shifts rapidly back toward Bitcoin or if Bitcoin loses a key support level. The $70,000 area has therefore become a practical marker for the market after a week in which Bitcoin’s breakout helped carry XRP, HYPE, Zcash, Chainlink and other major tokens higher.
The week’s gains have created a more expansive market than the narrow trading conditions seen earlier, but the next phase depends on whether demand remains strong once the immediate effect of short covering and headline-driven buying recedes.
For deeper XRP insights and future outlook, explore this XRP price potential analysis next.
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