Bitcoin at Turning Point: 700% XRP Predictor Explains Why $61,000 Matters

Prominent crypto trader DonAlt, who accurately predicted $XRP's 700% rally in 2024–2025, has returned with a technical analysis of the Bitcoin chart for mid-summer 2026. According to his assessment, the leading cryptocurrency has reached a turning point in its medium-term cycle, and its next move depends entirely on buyers' ability to defend a key support level.

Bitcoin is currently trading within the $62,500–$63,500 range, showing a local recovery impulse after the prolonged June decline. Nevertheless, DonAlt is urging market participants not to focus on short-term intraday fluctuations, but instead to pay attention exclusively to the monthly candle close, with the $61,000 threshold now acting as the main dividing line for the trend.

What a Drop Below $61,000 Means for $BTC and $XRP

The technical picture on the chart divides the end of July into two possible outcomes:

• Bullish case: A monthly close above $61,000 would confirm buyers' strength. A July close above this level — and the higher the better — would demonstrate that the market structure remains bullish and that the current accumulation phase could become the foundation for a new full-scale uptrend.
• Bearish case: A close at or below $61,000 would mean that the current price recovery should be classified as a "pity bounce" — a temporary corrective move before another wave of selling. Under this scenario, investors should prepare for a decline toward the next major strategic support zone near $45,000, which is clearly visible in Bitcoin's trading history.

For $XRP and the broader altcoin market, this verdict is no less important. Historically, major $XRP moves have often occurred when Bitcoin was either stabilizing or rising confidently.

If $BTC manages to hold above the $61,000 line and enters a consolidation phase, this could free up liquidity and create conditions for a local altcoin rally. Conversely, if Bitcoin falls toward $45,000, the prolonged decline of the market leader would drag $XRP lower as well, erasing the token's attempts to consolidate near its local highs.

Another market trigger at the end of the month will be the Federal Reserve's two-day meeting scheduled for July 28–29. The regulator's interest-rate decision and Jerome Powell's subsequent remarks will traditionally set the direction for all risk assets, including cryptocurrencies.

Bitcoin buyers need to defend the $61,000 level until the meeting outcome is announced in order to avoid a deeper correction in August.