Bitwise Issues Strong Buy Rating on XRP as Canary Capital Cites 40% Price Move
Asset manager Bitwise has assigned XRP a strong buy rating, joining a broader wave of institutional analyst coverage turning constructive on the token. A Canary Capital executive separately commented that a recent 40% price move in XRP was unsurprising given current market conditions, and suggested a similar move by end of 2026 or early 2027 would not be out of the question.
Bitwise, a regulated digital asset manager, has published a strong buy rating on XRP. According to available information, the firm's coverage universe currently shows 12 buy ratings, 6 sell ratings, and 6 neutral ratings, with XRP sitting in the buy category.
Separately, a senior figure at Canary Capital commented publicly that XRP's recent 40% price appreciation over several days was, in their view, not surprising. The executive attributed the move to increased capital inflows and cited expanding yield opportunities as a driver of continued interest in the asset.
The Canary Capital commentary also touched on the broader market environment, with the executive suggesting that a further 40% move before the end of 2026 or in early 2027 would similarly not come as a shock given current conditions.
These two pieces of institutional commentary, coming from separate firms, represent a notable alignment of bullish analyst sentiment on XRP from regulated financial entities rather than retail-focused sources.
Key facts
- •Bitwise assigned XRP a strong buy rating
- •Bitwise coverage shows 12 buys, 6 sells, 6 neutral ratings
- •Canary Capital executive described XRP's recent 40% price move as unsurprising
- •Canary Capital cited increased capital inflows and yield opportunities
- •Canary Capital suggested a further 40% move by end-2026 or early 2027 would not be shocking