Leading asset manager Bitwise has extended its XRP accumulation streak with a $15.4 million purchase, according to data highlighted by Whale Insider. The acquisition adds to a broader wave of institutional demand for XRP and comes despite a short-term pullback in price.
XRP exchange-traded products have logged steady daily inflows for the past two weeks, with Bitwise seeing growing demand from institutional investors. Analysts noted the latest purchase came as XRP momentum began to fade and the asset reversed from its recent bullish performance.
On-chain data shows XRP retreating to the $1.30 level, a decline of about 2% over 24 hours, as speculative trading appeared to outweigh spot demand. Even with the slowdown, XRP still holds the strongest monthly price gain following months of extreme volatility.
