FeesSafety
Pluang+

Bitwise buys $15.4M XRP amid fading price rally and strong institutional demand.

Market News
29 Aug 2026, 18:17 WIB
UToday
View Source
Neutral
Bitwise buys $15.4M XRP amid fading price rally and strong institutional demand.

Bitwise, a leading asset manager, purchased $15.4 million worth of XRP despite the token's recent price reversal from a bullish rally. This move highlights growing institutional demand for XRP, supported by steady inflows into XRP ETFs over the past two weeks. However, XRP's price momentum has slowed, with the token dropping about 2% to $1.3, though it remains the top-performing asset this month amid volatility. Bitwise's continued buying signals confidence in XRP's long-term potential despite short-term price fluctuations.

More News (XRP)

US midterm elections could reshape crypto regulation and impact Bitcoin, XRP, and Solana prices.

US midterm elections could reshape crypto regulation and impact Bitcoin, XRP, and Solana prices.

The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...

Market News
Neutral
5 hours ago
XRP chart signals potential major price surge with Elliott Wave theory predicting a big wave 3 ahead.

XRP chart signals potential major price surge with Elliott Wave theory predicting a big wave 3 ahead.

Crypto analyst EGRAG CRYPTO shared an XRP price chart highlighting a possible major upward movement described as the "BIGGEST WAVE 3" based on Elliott Wave theory, which organizes price trends into five-wave patterns. An earlier scenario suggested XR...

Technical Signals
Neutral
6 hours ago
Lawyer criticizes Ripple's XRP escrow for re-locking unused tokens instead of distributing them monthly.

Lawyer criticizes Ripple's XRP escrow for re-locking unused tokens instead of distributing them monthly.

Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...

Market News
Bearish
10 hours ago
XRP price complaints may signal a future rise, says crypto analyst Zach Rector.

XRP price complaints may signal a future rise, says crypto analyst Zach Rector.

Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...

Analyst Insights
Neutral
10 hours ago
BTC and SOL see net inflows while ETH posts net outflows in latest 24-hour crypto fund flows.

BTC and SOL see net inflows while ETH posts net outflows in latest 24-hour crypto fund flows.

In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...

Neutral
13 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App