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Bitwise XRP ETF tops $507M despite XRP price pullback, signaling strong institutional interest.

Market News
01 Sep 2026
The Currency Analytics
View Source
Neutral
Bitwise XRP ETF tops $507M despite XRP price pullback, signaling strong institutional interest.

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.

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