Bitwise Loads Up on XRP Despite Price Dip

Bitwise Asset Management has made another significant purchase of XRP, adding $15.4 million to its portfolio despite a recent price dip.

The asset manager's buying streak has drawn attention from analysts who see it as a calculated bet on the token's longer-term trajectory.

Institutional appetite for XRP remains strong, with exchange-traded funds tracking the token logging daily inflows for two straight weeks.

Bitwise's purchases signal that at least one major institutional player sees the current environment as an opportunity to build exposure ahead of a potential upswing.

XRP's ecosystem has remained buoyant despite short-term price volatility, thanks in part to persistent ETF inflows and heavy institutional buying.