Ripple Jumps 29% in a Week, Rises to Third Place Among Top Cryptocurrencies

Ripple (XRP) recorded a notable surge on Friday, driven by strong demand in the crypto market and coinciding with Bitcoin breaking new all-time highs. Global political and economic shifts are pushing investors toward alternative assets like cryptocurrencies.

Ripple's price jumped 13.9% in recent hours to reach $2.84 on CoinMarketCap, with a weekly gain of 28.8%. This strong performance boosted Ripple’s market capitalization to $168 billion, placing it third behind Bitcoin and Ethereum.

U.S. Trade Tensions Fuel Market Volatility
Bitcoin Hits Historic High
"Bitcoin has shattered all expectations, shifting from quiet trading to a historic surge. Institutions are buying aggressively behind the scenes as traditional assets fail to weather market volatility."
Optimistic Outlook Ahead
"We still have about six months left in this bull cycle. If historical patterns repeat, the peak could come in Q1 2026, followed by a strong correction."

The rally comes amid escalating global trade tensions. U.S. President Donald Trump announced a 35% tariff on Canada, accusing the country of failing to stop the flow of fentanyl into the U.S., and threatened further escalation if Canada responds in kind.

Trump also hinted at broader tariffs ranging between 15% and 20% on other nations, compared to the current 10%, triggering uncertainty in traditional markets and encouraging investment in cryptocurrencies as a hedge.

Meanwhile, Brazilian President Luiz Inácio Lula da Silva stated his preference for diplomacy but warned that Brazil is prepared to retaliate if the new tariffs take effect on August 1.

Simultaneously, Bitcoin surged above $118,000 for the first time, after trading below $80,000 in April. Its market capitalization soared to over $2.3 trillion, surpassing major corporations like Alphabet (Google) and Meta (formerly Facebook), and even exceeding the total market value of silver—though still far from gold's estimated $22 trillion.

The rally was sparked by Trump’s declaration of “Liberation Day” on April 2, which rattled markets and led investors to seek refuge in crypto assets.

Gadi Chait, Chief Investment Officer at Xapo Bank, commented:

According to a Finder survey of 22 experts, the average Bitcoin price prediction for the end of 2025 is $145,167. To reach that target, Bitcoin would need to gain an additional $27,000 in the second half of the year—after already rising $25,000 in the first half.

Kadan Stadelmann, CTO at Komodo, stated:

Summary

Amid growing trade tensions and economic uncertainty, cryptocurrencies are increasingly seen as safe havens. Ripple has benefited significantly from this shift, surging nearly 29% in a week and rising to the third-largest crypto asset by market cap, as Bitcoin leads a strong rally across the entire digital asset market.