Bitwise Continues $XRP Buying Streak Despite Fading Momentum

Bitwise Asset Management has continued its streak of purchasing XRP, with a recent purchase valued at $15.4 million.

The asset management firm's consistent buying of XRP has drawn attention from market analysts, who note that this comes as the momentum behind XRP begins to fade.

Despite this, institutional demand for XRP remains high, with all existing XRP ETF funds recording steady daily inflows over the past two weeks.

XRP's price has declined by about 2% over the last 24 hours, retreating back to the $1.3 level as speculative trading outweighs its demand.