{"id":920684,"date":"2026-07-18T02:14:28","date_gmt":"2026-07-18T07:14:28","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/18\/bitcoin-reclaiming-its-69000-holder-cost-basis-could-open-xrps-path-to-1-26\/"},"modified":"2026-07-18T02:14:28","modified_gmt":"2026-07-18T07:14:28","slug":"bitcoin-reclaiming-its-69000-holder-cost-basis-could-open-xrps-path-to-1-26","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/18\/bitcoin-reclaiming-its-69000-holder-cost-basis-could-open-xrps-path-to-1-26\/","title":{"rendered":"Bitcoin reclaiming its $69,000 holder cost basis could open XRP\u2019s path to $1.26"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div id=\"single-post-box-container-548492\">\n<article id=\"article\">\n<div>\n<header>\n<div>\n<nav aria-label=\"Post categories\"><\/nav>\n<p>Bitcoin\u2019s move toward $69,000 would put XRP near $1.20, with renewed strength against BTC opening a path toward $1.26.<\/p>\n<div>\n<p><a href=\"https:\/\/cryptoslate.com\/author\/gino-matos\/\" title=\"Gino Matos Profile\" aria-label=\"Gino Matos Profile\"> <img alt=\"bitcoins Gino Matos\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-150x150.jpg 2x\" height=\"64\" width=\"64\" loading=\"lazy\" decoding=\"async\" > <\/a><\/p>\n<\/div>\n<\/div>\n<\/header>\n<div>\n<p><span> <time datetime=\"2026-07-17T11:35:14+00:00\" title=\"Published Jul. 17, 2026 at 11:35 am GMT\"> <span>Jul. 17, 2026<\/span> <span>at 11:35 am GMT<\/span> <\/time> <\/span>  <span>  <span> <span> 3 min read<\/span> <\/span> <\/span><\/p>\n<\/div>\n<section aria-labelledby=\"news-quick-take-title-548492\">\n<ol>\n<li>  <span>Glassnode says Bitcoin\u2019s $69,000 short-term holder cost basis is the next recovery test for the market and XRP.<\/span><\/li>\n<li>  <span>If Bitcoin reclaims it, XRP could hold near $1.18 or climb toward $1.22 to $1.26 depending on XRP\/BTC strength.<\/span><\/li>\n<li>  <span>The unresolved question is whether XRP\/BTC rebounds to 0.0000183, or keeps sliding and leaves XRP below $1.18.<\/span><\/li>\n<\/ol>\n<\/section>\n<div data-title=\"Bitcoin reclaiming its $69,000 holder cost basis could open XRP\u2019s path to $1.26\" data-url=\"https:\/\/cryptoslate.com\/bitcoin-reclaiming-its-69000-holder-cost-basis-could-open-xrps-path-to-1-26\/\" data-id=\"548492\">\n<div>\n<p>Glassnode has identified Bitcoin&#8217;s short-term holder cost basis near $69,000 as the market&#8217;s next major recovery test, potentially affecting the outcome for altcoins such as XRP.<\/p>\n<p>Reclaiming that level would give the current rebound real room to run, and the firm&#8217;s own July 15 report frames it as the point where recent buyers move back toward breakeven, the kind of level that typically draws a strong reaction either way.<\/p>\n<p>Bitcoin currently trades below that level, and <a href=\"https:\/\/cryptoslate.com\/companies\/glassnode\/\">Glassnode<\/a> notes that derivatives traders have been unwinding downside bets, while spot buying still <a href=\"https:\/\/research.glassnode.com\/the-week-onchain-week-28-2026\/\">needs to confirm the move<\/a>.<\/p>\n<figure id=\"attachment_548500\" aria-describedby=\"caption-attachment-548500\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_P2SFTC2O7P.png\" alt=\"bitcoins Bitcoin's $69,000 short-term holder cost basis is the recovery test\" width=\"1060\" height=\"656\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_P2SFTC2O7P.png 1060w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_P2SFTC2O7P-300x186.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_P2SFTC2O7P-1024x634.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_P2SFTC2O7P-768x475.png 768w\" data-sizes=\"(max-width: 1060px) 100vw, 1060px\" ><figcaption id=\"caption-attachment-548500\">A chart shows Bitcoin at $64,400, below its $69,000 short-term holder cost basis, the level Glassnode identifies as the recovery test.<\/figcaption><\/figure>\n<h2>Bitcoins Why XRP\/BTC is the number to watch<\/h2>\n<p><a href=\"https:\/\/cryptoslate.com\/news\/xrp\/\">XRP&#8217;s dollar price<\/a> tends to loosely follow Bitcoin&#8217;s moves, which makes the XRP\/BTC ratio a cleaner way to gauge what happens if Bitcoin gets there.<\/p>\n<p>That ratio currently sits near 0.0000171, down from about 0.0000185 a month earlier, a decline of roughly 7.8% against <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> during a stretch when XRP&#8217;s dollar price has moved around $1.09.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/coins\/xrp\/\">XRP<\/a> can rise in dollar terms and still lose ground against Bitcoin, which is closer to what&#8217;s happened over the past month.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/companies\/coingecko\/\">CoinGecko<\/a> puts XRP&#8217;s 7-day gain at just 0.1%, well behind the <a href=\"https:\/\/cryptoslate.com\/market\/\">broader crypto market&#8217;s<\/a> 1.5% gain over the same stretch.<\/p>\n<p>Holding XRP&#8217;s current ratio to Bitcoin constant, a Bitcoin move to $69,000 mechanically prices XRP near $1.18 to $1.19, the baseline level XRP reaches by simply standing still against Bitcoin.<\/p>\n<p>A stronger response is possible if XRP repeats the pattern it showed during Bitcoin&#8217;s early-July rebound.<\/p>\n<p>Between June 30 and July 4, Bitcoin gained about 7.7%. XRP <a href=\"https:\/\/cryptoslate.com\/xrps-beta-to-bitcoin-spikes-2-5x-after-19b-liquidation-flush\/\">gained roughly 11.3% over the same stretch<\/a>, moving about 1.47 times as much as Bitcoin. Applying that same ratio to a Bitcoin <a href=\"https:\/\/cryptoslate.com\/bitcoins-old-coins-have-gone-quiet-and-69000-could-reveal-whether-the-new-holders-crack\/\">move toward $69,000<\/a> puts XRP closer to $1.22.<\/p>\n<p>The XRP\/BTC ratio closed near 0.0000183 on July 4, XRP&#8217;s strongest recent reading against Bitcoin.<\/p>\n<p>Reclaiming that level with Bitcoin at $69,000 would price XRP around $1.26, and getting there means reversing the same month-long decline against Bitcoin that the ratio has been showing, a real reversal beyond just riding Bitcoin&#8217;s own move higher.<\/p>\n<p>Bitcoin reaching $69,000, with XRP\/BTC holding its current level, produces the $1.18 to $1.19 outcome, and reaching $1.25 to $1.26 requires XRP\/BTC to climb back through 0.0000183, which would provide evidence that capital is moving into XRP rather than the whole market simply lifting with Bitcoin.<\/p>\n<div id=\"cs-inline-newsletter-6a5ab0a26250b\" data-inline-newsletter>\n<div>\n<p><span>CryptoSlate Daily Brief<\/span><\/p>\n<h3>Daily signals, zero noise.<\/h3>\n<p>Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p><span> 5-minute digest<\/span> <span> 100k+ readers<\/span><\/p>\n<\/div>\n<div>\n<p>Free. No spam. Unsubscribe any time.<\/p>\n<p> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<table readabilityDataTable=\"1\">\n<thead>\n<tr>\n<th>Scenario<\/th>\n<th>What Bitcoin does<\/th>\n<th>What XRP\/BTC does<\/th>\n<th>Implied XRP price<\/th>\n<th>Meaning<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Failed setup<\/td>\n<td>Rejects $69,000<\/td>\n<td>Slips below ~0.000017<\/td>\n<td>Below $1.18<\/td>\n<td>XRP fails to capture even the Bitcoin-led move<\/td>\n<\/tr>\n<tr>\n<td>Baseline<\/td>\n<td>Reaches $69,000<\/td>\n<td>Holds near 0.0000171<\/td>\n<td>$1.18\u2013$1.19<\/td>\n<td>XRP simply maintains its current value against BTC<\/td>\n<\/tr>\n<tr>\n<td>High-beta rebound<\/td>\n<td>Reaches $69,000<\/td>\n<td>XRP repeats early-July outperformance<\/td>\n<td>Around $1.22<\/td>\n<td>XRP behaves like a stronger major-cap alt<\/td>\n<\/tr>\n<tr>\n<td>Rotation case<\/td>\n<td>Reclaims $69,000<\/td>\n<td>XRP\/BTC recovers toward 0.0000183<\/td>\n<td>$1.25\u2013$1.26<\/td>\n<td>Capital rotates into XRP specifically<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Bitcoins The ratio decides from here<\/h2>\n<p>Ten-year real yields sit near a 2026 high around 2.4%, and the dollar has held above its 200-day average since May, with Bitcoin&#8217;s usual inverse relationship to the dollar deepening through that stretch.<\/p>\n<p>Bitcoin dominance sits near 58.4% of a roughly $2.2 trillion crypto market, a split that keeps XRP&#8217;s upside tied to Bitcoin clearing its own hurdle first.<\/p>\n<p>Any real <a href=\"https:\/\/cryptoslate.com\/xrps-1-rebound-faces-holders-trapped-above-2\/\">rotation into XRP<\/a> probably waits until Bitcoin proves it can hold gains above $69,000, Bitcoin&#8217;s own move coming first in the sequence.<\/p>\n<p>If Bitcoin reclaims $69,000 convincingly and XRP\/BTC climbs back toward 0.0000183 alongside it, XRP has a real path into the $1.25 to $1.26 range, evidence that capital is choosing XRP specifically on its own terms.<\/p>\n<figure id=\"attachment_548501\" aria-describedby=\"caption-attachment-548501\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3.png\" alt=\"bitcoins XRP\/BTC is the rotation signal\" width=\"1270\" height=\"716\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3.png 1270w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3-1024x577.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/brave_anYRZ4SSZ3-480x270.png 480w\" data-sizes=\"(max-width: 1270px) 100vw, 1270px\" ><figcaption id=\"caption-attachment-548501\">A chart shows the XRP\/BTC ratio declining from 0.0000185 a month ago to 0.0000170 now, below its July 4 rotation level.<\/figcaption><\/figure>\n<p>That outcome would mark the first real reversal in XRP&#8217;s monthly slide against Bitcoin.<\/p>\n<p>If Bitcoin rejects $69,000, or clears the level with XRP\/BTC still sliding below its current 0.000017 mark, XRP could fail to reach even the $1.18 baseline. That outcome would confirm XRP is still riding the market&#8217;s tide in dollar terms alone.<\/p>\n<p>The outcome for XRP comes down to the XRP\/BTC ratio, the measure that will show whether this move becomes a real rotation or just another ride on Bitcoin&#8217;s back.<\/p>\n<\/div>\n<div>\n<div>\n<div>\n<p><span role=\"listitem\"> <span>1H<\/span> <span>-0.19%<\/span> <\/span> <span role=\"listitem\"> <span>24H<\/span> <span>-0.57%<\/span> <\/span> <span role=\"listitem\"> <span>7D<\/span> <span>-1.50%<\/span> <\/span><\/p>\n<p><span role=\"listitem\"> <span>30D<\/span> <span>-8.42%<\/span> <\/span> <span role=\"listitem\"> <span>60D<\/span> <span>-21.94%<\/span> <\/span> <span role=\"listitem\"> <span>90D<\/span> <span>-24.26%<\/span> <\/span><\/p>\n<\/div>\n<p> <a href=\"https:\/\/cryptoslate.com\/coins\/xrp\/\">XRP<\/a> is <strong><span>-0.57%<\/span><\/strong> over the past 24 hours                                     and currently sits at rank #<span>6<\/span> by market cap.<\/p>\n<div>\n<p><span>Market cap<\/span> <span> <span> $<span>67.91B<\/span> <\/span> <\/span><\/p>\n<p><span>Volume (24h)<\/span> <span> <span> $<span>1.07B<\/span> <\/span> <span> <span>+0.22%<\/span> <\/span> <\/span><\/p>\n<p><span>Circ. supply<\/span> <span> <span> <span>62.47B<\/span> <\/span> <\/span><\/p>\n<p><span>FDV<\/span> <span> <span> $<span>108.72B<\/span> <\/span> <\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<p><span>Global market cap<\/span> <span>$<span>2.19T<\/span><\/span><\/p>\n<p><span>24H market volume<\/span> <span>$<span>65.63B<\/span><\/span><\/p>\n<p><span>Bitcoin dominance<\/span> <span><span>58.55<\/span>%<\/span><\/p>\n<\/div>\n<div>\n<header><span>Mentioned in this article<\/span><\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> Gino Matos <a href=\"https:\/\/cryptoslate.com\/bitcoin-reclaiming-its-69000-holder-cost-basis-could-open-xrps-path-to-1-26\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s move toward $69,000 would put XRP near $1.20, with renewed strength against BTC opening a path toward $1.26. Jul. 17, 2026 at 11:35 am GMT 3 min read Glassnode says Bitcoin\u2019s $69,000 short-term holder cost basis is the next recovery test for the market and XRP. If Bitcoin reclaims it, XRP could hold near<\/p>\n","protected":false},"author":1,"featured_media":920685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,2748],"tags":[11476],"class_list":["post-920684","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-reclaiming","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/920684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=920684"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/920684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/920685"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=920684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=920684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=920684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}