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

Market News
29 Aug 2026
UToday
View Source
Neutral
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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.

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