Crypto Madness: Singaporean Investors Go Wild for XRP! 🚀💰

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In a twist that could only be described as a plot twist worthy of a particularly eccentric novel, Singapore’s crypto enthusiasts have decided that Bitcoin is so last season. Yes, dear reader, they are now turning their gaze towards XRP, that cheeky little token that has suddenly become the belle of the blockchain ball. It seems that while Bitcoin still reigns supreme, XRP is the new kid on the block, and everyone wants to be seen with it.

Crypto Awareness At Record High

According to the 2025 Independent Reserve Crypto Index for Singapore, a staggering 94% of the locals can now name at least one cryptocurrency. This is a significant leap from previous years, where the only crypto most could name was “that thing my nephew keeps talking about.”

Bitcoin, the granddaddy of them all, is still the star of the show—91% of the populace knows it by name. It accounts for a whopping 68% of the average investor’s crypto treasure chest. But the fact that nearly everyone can name a digital coin suggests that Singapore’s trading scene is maturing faster than a fine wine left in a sunbeam.

Singaporean Investors are increasing their XRP holdings.

— SMQKE (@SMQKEDQG) May 22, 2025

XRP Ownership On The Rise

Reports from Milieu Insight Market Research reveal that XRP has seen one of the strongest gains among altcoins, now representing 17% of crypto holdings in Singapore, up from a mere 14% last year. It’s like watching a tortoise suddenly decide to sprint!

Ethereum, not to be outdone, has climbed from 41% to 48%. Solana has also made a modest leap from 17% to 19%, while Dogecoin, bless its heart, has only managed to inch up from 18% to 19%. XRP’s 3-point boost, however, hints at a growing trust in its payment-focused design—because who doesn’t want to pay for things with a coin that sounds like a sneeze?


Monthly Investments Varied Widely

Now, let’s talk about how much these investors are actually spending. It appears that not everyone is throwing their life savings into the crypto cauldron. About 57% of investors are putting in less than $500 a month, while 29% are feeling a bit more generous, contributing between $500 and $1,000. Only 10% are brave enough to dedicate more than $1,000 each month to the mystical art of “dollar-cost averaging.” It seems most folks are treating crypto like a side gig rather than a full-time career—because who needs a stable income, right?

Stablecoin Trends And RLUSD

Stablecoins are also part of this delightful mix. Roughly 46% of respondents have owned—or at least flirted with—these US-pegged assets. Of that group, 21% still hold them, while 25% have moved on to greener pastures. A staggering 83% prefer USD-pegged coins, because who doesn’t love a good dollar?

In this context, Ripple’s new RLUSD has reached a market cap of $310 million in just a few months. Fiona Murray, Ripple’s APAC managing director, has declared that this coin is not just for trading but also for cross-border payments and DeFi work. It’s like the Swiss Army knife of cryptocurrencies!

Singapore’s data echoes trends elsewhere, with a Bitso report revealing that Latin American buyers favored XRP over Ethereum and Solana in 2024. With XRP adoption growing both regionally and in APAC, it could soon shift from being an afterthought to a core part of retail and institutional strategies. Who knew a coin could have such aspirations?

For now, Bitcoin’s dominance remains as solid as a rock. But altcoin allocations are climbing, and XRP is leading that charge like a determined little engine that could!

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2025-05-25 03:46