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Bitwise buys XRP for third day, signaling strong institutional demand for Ripple's token

Market News
28 Sep 2026, 22:35 WIB
Crypto Economy
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Bullish
Bitwise buys XRP for third day, signaling strong institutional demand for Ripple's token

Bitwise has purchased XRP for three consecutive days, indicating a consistent pattern of institutional buying interest in Ripple's cryptocurrency. This steady accumulation suggests confidence among institutional investors in XRP's potential. Continued buying could influence XRP's market dynamics and price movement in the near term.

While Bitwise has shown steady institutional buying of XRP, on Pluang as of Sep 29, 2026 02:51 WIB, XRP trades at Rp26.757 with a 1-day decline of 2.72%. Despite this dip, XRP maintains a strong market cap of Rp1.692,86 trillion and a high 24-hour trading volume of Rp91,74 trillion, indicating active market participation. The typical hold time on Pluang is 71 days, and order activity leans more towards buying at 60%, reflecting ongoing investor interest.

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