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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Singaporean Crypto Investors Boost XRP Holdings To 17%, Report Finds

Christian Encila
Christian Encila
3 months ago
3 mins read
XRP

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Singapore’s crypto crowd is shifting its focus beyond Bitcoin. Interest in XRP has climbed as more traders add the token to their portfolios. The change comes even as Bitcoin remains the top holding.

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Crypto Awareness At Record High

According to the 2025 Independent Reserve Crypto Index for Singapore, 94% of locals are familiar with at least one cryptocurrency. That’s a big jump from previous years.

Bitcoin still leads the pack—91% know it by name. And it makes up 68% of the average investor’s crypto stash. Yet the fact that almost everyone can name a digital coin shows that Singapore’s trading scene is maturing.

Singaporean Investors are increasing their XRP holdings.👇 https://t.co/ydq9PGwmXj pic.twitter.com/aK9H85ZVwb

— SMQKE (@SMQKEDQG) May 22, 2025

XRP Ownership On The Rise

Based on reports from Milieu Insight Market Research, XRP saw one of the strongest gains among altcoins. It now represents 17% of crypto holdings in Singapore, up from 14% last year.

Ethereum grew even more, climbing from 41% to 48%. Solana ticked up from 17% to 19%, while Dogecoin rose only 1 point, from 18% to 19%. Still, XRP’s 3-point boost hints at growing trust in its payment-focused design.

XRP is currently trading at $2.35. Chart: TradingView

Monthly Investments Varied Widely

Investors in Singapore are not all spending the same amount each month. About 57% put in less than $500. Another 29% contribute between $500 and $1,000. Only 10% dedicate more than $1,000 each month to steadier “dollar-cost averaging.” Those figures suggest that most people treat crypto as a side play rather than a full-time career.

Stablecoin Trends And RLUSD

Stablecoins are also part of the mix. Roughly 46% of respondents said they own—or once owned—these US-pegged assets. Of that group, 21% hold them now, while 25% have moved on. Eighty-three percent prefer USD-pegged coins.

In that context, Ripple’s new RLUSD has reached a $310 million market cap in just a few months. Ripple’s APAC managing director, Fiona Murray, said the coin is not just for trading but also for cross-border payments and DeFi work.

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Singapore’s data echoes trends elsewhere. A Bitso report found that Latin American buyers favored XRP over Ethereum and Solana in 2024. With XRP adoption growing both regionally and in APAC, its role could shift from an afterthought to a core part of retail and institutional strategies.

For now, Bitcoin’s dominance remains solid. Still, altcoin allocations are climbing—and XRP is leading that charge.

Featured image from Pexels, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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