Bitcoin Below $80K as XRP Tests $1.30 Resistance
Bitcoin remained below $80,000 on October 27, trading near $79,500 ahead of the next Federal Open Market Committee (FOMC) meeting. The largest cryptocurrency had recently fallen to a five-week low of $79,100 after failing to hold above $85,000. Bitcoin’s market capitalisation stood at about $1.6 trillion, while its share of the total crypto market slipped below 60%.
XRP rose nearly 2% to around $1.30 after Ripple said it had received final approval for its national bank trust. That level is a key resistance point for XRP. Ethereum edged towards $2,300, Solana fell below $100, and TRON traded under $0.33. QNT gained more than 7%, reclaiming the $200 level, while ZEC, XMR and HYPE also advanced. BTW and RAIN dropped more than 12% each.
The overall crypto market cap fell 0.4% to $2.67 trillion. Traders may watch the FOMC decision and related volatility, alongside whether Bitcoin can regain $80,000 and XRP can break above $1.30.
Bearish
The overall tone is bearish because Bitcoin remains below $80,000 after a steep retreat from $85,000, and the total crypto market cap has continued to decline. Bitcoin’s loss of the $80,000 level and market dominance below 60% point to weak near-term momentum, while traders face added uncertainty ahead of the FOMC meeting. Past periods of pre-FOMC uncertainty have often brought choppy trading as investors adjust positions around interest-rate expectations; a hawkish signal could increase pressure on risk assets, while a dovish outcome could support a relief bounce.
There are pockets of strength. XRP’s rise following Ripple’s final bank-trust approval is a positive, project-specific development, but its price is approaching resistance around $1.30. QNT and several other tokens have also gained, although sharp losses in BTW and RAIN show that performance is uneven. In the short term, Bitcoin’s ability to reclaim $80,000 and XRP’s reaction at $1.30 may shape sentiment. Over the longer term, Ripple’s regulatory progress could support XRP’s narrative, but the article offers no evidence that it will reverse broader market weakness. The bearish classification reflects the prevailing price action and macro uncertainty, not a certainty that prices will continue falling.