The Bitwise spot XRP ETF has surpassed $507 million in assets under management, holding 364.8 million XRP tokens, even as XRP's price consolidates between $1.36 and $1.38 after an 8.2% drop from its August peak. This growth indicates significant institutional inflows, more than doubling since July, suggesting confidence in XRP's long-term potential despite short-term price volatility. Key price levels to watch are support at $1.30–$1.35 and resistance at $1.50–$1.60, with traders eyeing a potential move back to $1.70 and beyond. Meanwhile, some traders are diversifying into new projects like Bitcoin Hyper, reflecting a search for asymmetric opportunities during XRP's consolidation phase.
The cryptocurrency market demonstrated resilience despite macroeconomic challenges, with institutional investors increasing capital in major altcoins like Solana and XRP. Bitcoin remained stable near $82,000 after a strong rally, while altcoins outpe...
XRP's spot exchange-traded funds (ETFs), led by Bitwise, have attracted over $110 million in weekly inflows, pushing assets under management above $507 million. This institutional demand supports XRP even as its price momentum slows after a strong 37...
Hyperliquid (HYPE) has been added to the regulated Nasdaq CME Crypto Index, joining major cryptocurrencies like Bitcoin and XRP following a quarterly rebalancing approved by the SEC. Hyperliquid debuted with a 3.36% weighting, close to Solana's 3.79%...
XRP's price remained stable around $1.38 even as U.S. Treasury yields surged to their highest in 19 months and expectations for a Federal Reserve rate hike in September increased to 68%. Despite strong institutional demand with record weekly inflows ...
Institutional investments in spot XRP ETFs have surged to $1.6 billion with nine consecutive days of inflows, even as XRP's price dipped nearly 6% this week to $1.37. This trend reflects growing institutional interest in altcoins following the approv...
