Asset manager Bitwise has purchased $15.4 million worth of XRP, extending its buying streak as the cryptocurrency shows mixed price signals with fading momentum. Despite sustained institutional demand, particularly in the XRP ETF market which has recorded steady daily inflows for two consecutive weeks, XRP price has retreated to $1.30, representing a 2% decline over 24 hours. The bullish momentum appears to be waning as speculative trading outweighs underlying demand. Nevertheless, XRP still holds the highest price gain for the month following several months of extreme volatility.
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