Bitwise Buys $15.4 Million in XRP as Price Momentum Fades

Leading asset manager Bitwise has continued its XRP accumulation, purchasing approximately $15.4 million worth of the cryptocurrency even as XRP’s recent bullish momentum begins to weaken.

According to data highlighted by Whale Insider, the latest acquisition extends Bitwise’s XRP buying streak and underscores sustained institutional interest in the digital asset. The purchase comes at a notable time, with XRP slipping back into negative territory following its recent price rally.

Institutional demand for XRP has strengthened considerably after the cryptocurrency’s latest breakout boosted confidence across the market. Interest has grown among both retail traders and large investors, while XRP exchange-traded funds have also benefited from fresh capital.

Existing XRP ETFs have reportedly recorded steady daily inflows over the past two weeks, signaling continued investor appetite for regulated exposure to the asset. Against this backdrop, Bitwise has seen growing institutional demand for its XRP investment product.

The asset manager’s latest $15.4 million XRP purchase has attracted particular attention because it occurred as the token’s short-term price performance deteriorated. Continued institutional accumulation despite weaker prices could indicate that larger investors remain confident in XRP’s longer-term prospects.

However, XRP’s market momentum has recently cooled. On-chain data shows the cryptocurrency retreating toward the $1.30 level, representing a decline of roughly 2% over the past 24 hours. The pullback suggests speculative trading pressure may currently be outweighing the positive impact of institutional demand.

XRP had previously enjoyed a strong rally, but the latest decline has pushed the asset out of its recent bullish zone. Investors are now watching whether sustained XRP ETF inflows and institutional purchases can provide enough support for another upward move.

Despite the short-term weakness, XRP remains one of the stronger-performing major cryptocurrencies this month. The token continues to hold its largest monthly gain following several months marked by significant volatility.

Bitwise’s ongoing XRP accumulation could therefore become an important indicator for market sentiment, particularly if institutional demand remains strong while XRP attempts to stabilize around current price levels.