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Bitwise buys $15.4M in XRP despite fading price momentum, signaling strong institutional confidence.

Market News
29 Aug 2026, 19:18 WIB
Tokenpost
View Source
Neutral
Bitwise buys $15.4M in XRP despite fading price momentum, signaling strong institutional confidence.

Bitwise, a leading asset manager, has purchased $15.4 million worth of XRP even as the cryptocurrency's recent price momentum weakens. This continued buying streak highlights sustained institutional interest in XRP, despite its price retreating to around $1.30 and a 2% decline in 24 hours. The move suggests that large investors remain confident in XRP's long-term potential, supported by steady inflows into XRP ETFs. Investors are watching if this institutional demand can help stabilize and boost XRP's price after recent volatility.

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