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Franklin Templeton buys $3.5M XRP amid ongoing price volatility and market downturn

Market News
23 Oct 2026
UToday
View Source
Bullish
Franklin Templeton buys $3.5M XRP amid ongoing price volatility and market downturn

Franklin Templeton purchased $3.55 million worth of XRP despite the cryptocurrency's recent price instability and a broader market downturn. This move reflects sustained investor demand for XRP ETFs, even as overall market sentiment remains bearish. While this purchase signals confidence in XRP's long-term potential, it does not guarantee an immediate price recovery. Market analysts suggest that continued ETF inflows could eventually support a bullish trend for XRP.

XRP is trading at Rp23.785 on Pluang with a slight 0.51% decline over the past day. The market shows a balanced interest with 55% of orders to sell and 45% to buy as of Oct 23, 2026 19:31 WIB.

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