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Bitcoin regaining its $69,000 holder cost basis may enable XRP to reach $1.26

Overall sentiment: Neutral

Open original · Gino Matos

Published Jul 17, 2026 · Retrieved Jul 17, 2026

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Glassnode identifies Bitcoin's $69,000 short-term holder cost basis as the next key recovery level for Bitcoin and XRP Newsworthy Reliable Neutral
If Bitcoin surpasses $69,000, XRP could rise to $1.18 or climb between $1.22 and $1.26 depending on XRP/BTC ratio strength Newsworthy Reliable Positive
The XRP/BTC ratio’s rebound to 0.0000183 is critical for XRP to exceed $1.18 and approach $1.26 Relevant Reliable Neutral
Currently, XRP trades near $1.09 with an XRP/BTC ratio around 0.0000171, reflecting a 7.8% decline against Bitcoin over the past month Relevant Reliable Neutral
Bitcoin’s holders breakeven at $69,000 typically triggers strong market reactions as recent buyers approach profitability Relevant Reliable Neutral
Bitcoin dominance stands around 58.4% of the $2.2 trillion crypto market, influencing XRP’s upside potential Relevant Reliable Neutral
Derivatives traders are unwinding Bitcoin downside bets, though spot buying confirmation is still needed for a sustained rise Relevant Reliable Neutral
Capital rotation into XRP is expected only after Bitcoin conclusively holds gains above $69,000, marking a sequential market move Relevant Reliable Neutral

Type: standard news · Analysis confidence: 95%

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