Bitwise Doubles Down on XRP with $15.4M Purchase Amid Price Decline

Bitwise Asset Management, a prominent institutional investor, has made another significant move in its XRP holdings. Despite XRP's price retreating to around $1.30 and experiencing a 2% decline in 24 hours, Bitwise purchased $15.4 million worth of the cryptocurrency.

This continued buying streak highlights sustained institutional interest in XRP, despite its recent price weakness. The move suggests that large investors remain confident in XRP's long-term potential, supported by steady inflows into XRP ETFs.

Investors are watching if this institutional demand can help stabilize and boost XRP's price after recent volatility.