XRP, the token linked to Ripple Labs and the third-largest cryptocurrency, climbed nearly 40% this week to a record $3.4, eclipsing the performance of every other major digital asset this month. Its market capitalization now sits at about $190 billion, driven by optimism that the Trump administration could adopt friendlier crypto policies.

Donald Trump's newly created cryptocurrency soared on Monday to nearly $11 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S.