Bitwise Resumes XRP Purchases Amid Market Correction
Bitwise Asset Management has resumed buying XRP after a brief pause, increasing its exposure to the cryptocurrency.
Bitwise Asset Management has resumed buying XRP after a brief pause, increasing its exposure to the cryptocurrency. XRP (XRP) is trading at $1.42, down 0.7% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Wed, 07 Oct 2026 23:30:03 UTC.
- Bitwise resumed XRP purchases after a short pause.
- The purchase comes despite a 5.35% drop in XRP's price over the past 24 hours.
- Bitwise's total value locked (TVL) is $158.69M, up 7.6% in the last week.
Bitwise Asset Management has resumed purchasing 
XRP after a brief pause, according to U.Today. The move comes amidst a broader market correction, with the total crypto market cap currently at $2.9 trillion and 
Bitcoin down 3.48% in the last 24 hours.
XRP itself has seen a 5.35% drop in price over the past day, currently trading at $1.43. Despite this, Bitwise has increased its exposure to the cryptocurrency, suggesting confidence in its long-term prospects.
The resumption of XRP purchases by Bitwise follows a period of silence from the asset manager. This decision is notable given the recent market volatility and the regulatory scrutiny that XRP has faced in the past.
Bitwise's total value locked (TVL) has increased by 7.6% over the last week, currently standing at $158.69 million, according to DeFiLlama. This indicates that Bitwise's overall strategy may be focused on accumulating assets during periods of market weakness.
The broader market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 71, despite the recent downturn. This suggests that investors are still relatively optimistic about the market's future.
Since this brief published about 12 hours ago, XRP (XRP) has moved from $1.43 to $1.42 — -0.70%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 24 hours XRP moved -5.3% while Bitcoin moved -2.5%. XRP has historically moved about 1.48× Bitcoin, implying roughly -3.8% today — so this is roughly what its usual link to Bitcoin would predict.
Beta computed by TLT from ~120 days of daily returns; context only, not advice.
Over the past 12 months, XRP (XRP) closed within 2.5% of today's $1.42 on 71 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,938.09 (about $1.42), down 5.3% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitwise Resumes XRP Purchases Amid Market Correction — questions & answers
How much is 1 XRP worth in naira today?
About ₦1,938.09 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.42. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.70% since this brief first published — trading at $1.42 now versus $1.43 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.