Bitwise Buys Over $19 Million of XRP

XRP is gaining momentum amid sustained demand from institutional investors as Bitwise buys over $19 million worth of XRP in one day.

Caroline Amosun · 23 Sep 2026 · 4 min read

Wire content from U.Today

Bitwise Buys Over $19 Million of XRP

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By
Caroline Amosun

Wed, 23/09/2026 – 11:35

XRP is gaining momentum amid sustained demand from institutional investors as Bitwise buys over $19 million worth of XRP in one day.

Bitwise Buys Over $19 Million of XRP

Cover image via U.Today

Bitwise’s XRP stash nears $650 million
XRP on track to $2

The XRP ETFs have just recorded their best performing day since September began after a combined total of over $20 million flowed into the market during their latest trading session.

While this also represents the first net inflow of the week recorded by the broad ETF market, Bitwise has gained the spotlight as it remains the largest contributor of the fresh capital influx recorded.

Bitwise’s XRP stash nears $650 million

Latest onchain data shows that the leading asset management firm Bitwise has made its largest XRP purchase in a while, scooping up $19.17 million worth of XRP in one day.

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Further data shows that the large purchase happened after the fund witnessed a substantial surge in institutional interest in the XRP-based investment product.

XRP on track to $2

The surge in institutional demand for XRP has been accompanied by a parabolic move in its trading price, as XRP saw a price increase of over 8% on the same day.

With momentum building again, XRP has broken resistance at $1.65, positioning itself on the path to hit the long-expected $2 mark.

#XRP
#Bitwise
#Franklin Templeton
#Spot XRP ETF
#XRP Price Prediction