The token hit its highest in over a month during thin July 4 trading, with XRP up 5% in 24 hours to lead gains among majors.
By Shaurya Malwa Jul 4, 2026, 6:07 p.m. 1 min readMake preferred on Share this articleMake preferred on
- Bitcoin climbed above $63,000 for the first time in two weeks, reversing late-June losses amid a modest rebound in crypto markets.
- XRP jumped more than 5 percent on the day and nearly 10 percent on the week, overtaking USDC to become the fifth-largest cryptocurrency by market value.
- The rally across major tokens followed a friendlier macro backdrop, including softer U.S. economic data and comments suggesting easing inflation risks, though thin holiday trading may be amplifying price moves.
Bitcoin climbed above $63,000 in U.S. morning hours Saturday, up 1.4% over 24 hours and 3.6% on the week, per CoinDesk data, its highest in two weeks and a full reversal of the losses that closed out June.
XRP led the day's majors, up 5.3% to $1.18 and nearly 10% on the week, a move that lifted it past the USDC stablecoin to fifth place by market value at about $73 billion.
The gain came alongside onchain data showing XRP holders at their deepest average losses on record - the kind of washed-out positioning some traders buy against. Ether added 3.2% on the day to about $1,793, up 11.5% over seven days, while dogecoin rose 2.6% and solana held near $82.50 with a 13.2% weekly gain.
The surge extended a week built on a friendlier macro turn. Fed Chair Kevin Warsh's comment that inflation risks have come down, a soft June jobs report and a squeeze on bearish traders carried bitcoin from below $60,000 to above $63,000 in five sessions.
Trading was thin on Saturday with U.S. markets shut for the Independence Day holiday, the kind of liquidity that exaggerates moves in both directions.
Bitcoin entered the third quarter at 21-month lows and has now recovered the ground lost in June's final slide. Whether the momentum holds turns on the coming U.S. inflation print and on whether buying continues once U.S. desks return from the holiday.
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Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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