XRP and Bitcoin Price Outlook Ahead of October 28 FOMC Meeting

XRP and Bitcoin Price trends reflected improving sentiment as traders awaited the Federal Reserve’s October 27–28 interest rate meeting. 

Bitcoin traded near $81,700, while XRP remained above $1.30 as the overall cryptocurrency market recovered.

The overall market capitalization of cryptocurrencies increased 1.07% in 24 hours to reach 2.73 trillion during a wider relief rally.

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FedWatch Puts October Rate Hold Probability at 82.8%

CME FedWatch shows that traders prefer the Federal Reserve interest rates to remain at the same level during the October 28, 2026, meeting. The chart gives a probability of 82.8% to remain in the existing target range of 3.75% to 4.00.

In the meantime, there is a 17.2% chance of an increase in the rates and a zero chance of a decrease. The target range would be increased to a quarter-percentage-point between 4.00% and 4.25%, which is an increase.

FedWatch computes these probabilities based on the prices of federal funds futures contracts, which are an expectation of the monetary policy by traders. The numbers reflect market anticipations and do not affirm the decision of the Federal Reserve.

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Bitcoin Whales Add 88,987 BTC as Holdings Hit Six-Month High

Bitcoin wallets with 10-10,000 BTC have added about 88, 987 coins within the last month, according to Santiment. Their combined holdings surpassed 13.69 million BTC, reaching the highest level since April.

September 19 accumulation is an indication that there is increasing exposure of major holders even though the prices are volatile. Further accretion would help sustain confidence in cryptocurrency markets, but growing whale balances will not give any assurance of a Bitcoin price recovery.

Bitcoin and XRP Price Prediction: Key Levels and Targets to Watch

The daily chart of Long-term BTC projection indicates the first level of resistance at $82,000, and a successful breakout would attract attention to $85,000. Additional gains may aim at the peak of September at $87,395 should renewed purchasing momentum be enhanced. Support is at $80,600, and a long run failure would push the focus to $79,000.

XRP price must defend $1.29 to limit further losses after its recent decline. Any fall below that floor will open up $1.256 as the next lower point. The initial resistance to recovery attempts is at $1.35, $1.40, and $1.50. 

Recapturing such obstacles would enhance the prospects of XRP but its daily RSI of about 37 remains an indication of poor momentum. The two assets require increased buying power in order to maintain gains beyond their short-term resistance levels.

XRP, Bitcoin and Ethereum Funds Record Net Outflow

As per the data provided by SoSoValue, XRP spot ETFs experienced net outflows of $2.47 million on October 16. Canary XRPC explained the withdrawals and total assets in the XRP funds were at 1.47 billion.

Bitcoin spot ETFs have registered net withdrawals of $229 million between October 1216, with the BlackRock IBIT registering 165 million. Ether funds showed greater withdrawals with the net outflows amounting to 320 million during the same reporting period.

The numbers represented the third week of outflows of Ethereum ETFs, continuing the trend of withdrawals. Combined, both Bitcoin and Ethereum spot ETFs had $549 million withdraw their money over the five trading days.