Bitwise Buys $15.4M Worth of XRP Amid Fading Price Momentum

Leading asset manager Bitwise has continued its XRP buying streak, purchasing $15.4 million worth of the asset.

This move comes as XRP's price momentum begins to fade, with the asset retreating to around $1.3 after a recent price decline of about 2% over the last 24 hours.

Despite the slowing demand, Bitwise's consistent purchasing has contributed to growing institutional interest in XRP, with the asset maintaining its highest price gain for this month following several months of extreme volatility.