Bitwise Buys $15.4 Million of XRP (XRP) as Price Momentum Fades

Accumulation Into Weakness

Asset manager Bitwise has purchased another $15.4 million worth of XRP (XRP), extending a buying streak that has persisted even as the token's short-term momentum fades. The latest acquisition, documented in Whale Insider's transaction tracking, arrived during a stretch in which XRP — Ripple's cross-border settlement asset — has given back part of its recent breakout gains. Bitwise, which offers a range of digital-asset investment products, has emerged as one of the most consistent institutional buyers in the XRP market in recent weeks. Analysts following the flow view the timing as telling: rather than accumulating into strength, the firm stepped in precisely as the asset slipped back into red territory and paused its short-lived rally. That pattern suggests the recent pullback has done little to dent conviction among larger holders. The purchase also mirrors the confidence that has spread across the XRP ecosystem since the recent price breakout, with demand broadening among both retail and institutional participants. For a token that has weathered months of extreme volatility, sustained accumulation from a regulated asset manager provides a measurable counterweight to the speculative selling pressure that has dominated recent sessions. Traders tracking the asset can follow our dedicated XRP hub for continuing flow and price coverage.

Whale Insider's transaction trackinghttps://x.com/whaleinsider/status/2093601134740922528?s=46

Two Weeks of Daily ETF Inflows

The institutional bid extends well beyond a single firm. Every existing XRP-focused exchange-traded fund has recorded steady daily inflows for two consecutive weeks, an unbroken run of capital injection that has translated into growing demand for Bitwise's own XRP product among institutional investors. Our desk's read of the flow data is straightforward: regulated vehicles are absorbing supply even as spot price action softens. On-chain figures show the token dipping toward the $1.30 level earlier in the session, with an intraday loss of roughly 2% as speculative trading outweighed underlying demand, before stabilizing nearer $1.39. The divergence between flows and price is the defining feature of this market: ETF structures keep pulling in capital while short-term traders lock in profits after the monthly run-up. Despite the slowdown, XRP still holds one of the strongest monthly gains among major assets, a reminder of how sharp the recent rally was after months of violent swings — a move we covered when the asset led major altcoins with a 45% weekly surge. For context on the fund complex's ceiling, our earlier coverage of the record $110.49 million weekly inflow into spot XRP ETFs shows how the current two-week streak stacks up.

XRPH11 Down 44% From Peak

The pullback looks different through the lens of the world's first spot XRP ETF. Hashdex Nasdaq XRP Fundo de Índice (XRPH11), which began trading on Brazil's B3 exchange on April 25, 2025 and tracks the Nasdaq XRP Reference Price Index, had fallen roughly 44% from its peak as of Aug. 29, according to Hashdex's Aug. 27 performance table. The fund's year-to-date return stands at -31.16%, with a 12-month figure of -57.76% — a reflection of the harsh retracement XRP has endured over the past year. There is a key nuance: the ETF's decline does not signal heavy redemptions. Because XRPH11 directs at least 95% of its assets into XRP or instruments tracking its price, the product simply mirrors the token's slide from its debut price of 19.80 Brazilian reais. North American vehicles tell the opposite story on flows. Aggregate ETF flow data shows US spot XRP ETFs — including offerings from Bitwise, Canary Capital, Franklin Templeton and Grayscale — crossed $1.5 billion in cumulative net inflows as of July 2026, with more than 1 billion XRP tokens now held across ETF structures. Institutional access through regulated products remains robust even as spot price performance lags, a split that will shape how any renewed uptrend plays out. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$1.4066 Resistance Scores 92/100

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the immediate battleground tightly. The $1.4066 resistance is rated at 92/100, driven by a confluence of the Value Area High, R1, Keltner Upper and a high-volume node, while the $1.3827 support scores 82/100 on the 20-day, 200-day EMA and SMA plus the 0.500 Fibonacci level. Spot trades at $1.3946, sandwiched between the two. Momentum is constructive — RSI at 65.32, a bullish MACD signal and an intact uptrend on the daily candlestick structure. Derivatives positioning leans long: funding at 0.0025%, open interest of $937.8 million and a long/short account ratio of 2.85 (74% long), with Fear & Greed at 68 (Greed). A daily close above $1.4066 opens a path toward $1.4773; losing $1.3827 would invalidate the short-term bullish thesis and expose the $1.2588 support.