Bitcoin Reclaiming $69K Cost Basis Could Spark an XRP Rally to $1.26 — Here's the Connection
(77 days ago) · 1 source · Summarized by CryptoBipto
Analysts suggest that Bitcoin reclaiming the $69,000 holder cost basis — the average price at which current holders bought their BTC — could trigger broader altcoin momentum, potentially pushing XRP toward $1.26. The theory hinges on the idea that when Bitcoin holders move back into profit, risk appetite increases across the crypto market, benefiting assets like XRP.
WHY IT MATTERS
Think of 'cost basis' like the average price everyone in a neighborhood paid for their homes. If home prices drop below that average, people feel underwater and are more likely to panic sell. But when prices climb back above it, homeowners feel confident and are more willing to spend money elsewhere. In crypto, when Bitcoin holders are back in profit, they tend to feel more adventurous and invest in other coins like XRP — which is why Bitcoin hitting $69,000 could have a ripple effect (no pun intended) across the entire market.
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