Bitcoin reclaiming its $69,000 holder cost basis could open XRP's path to $1.26

The article argues that Bitcoin’s short-term holder cost basis around $69,000 is the key market level to watch, with implications for XRP’s next move. Glassnode says reclaiming that level could validate the rebound and trigger a broader crypto lift, but spot demand still needs to confirm the move. XRP’s path depends heavily on the XRP/BTC ratio: if it merely holds current levels while Bitcoin reaches $69,000, XRP could sit around $1.18–$1.19. If XRP outperforms as it did in early July, it could reach about $1.22. A stronger rotation into XRP, with XRP/BTC recovering toward 0.0000183, could lift XRP to $1.25–$1.26. The article frames the setup as a test of whether capital is rotating into XRP specifically or just lifting the broader market with Bitcoin.