XRP Surges in Singapore as Top Altcoin Investment

XRP is rapidly gaining traction among Singaporean crypto investors, positioning itself as one of the most held digital assets in the region. A new report from Independent Reserve, Australia’s leading cryptocurrency exchange, highlights this growing trend.

The latest 2025 edition of the Independent Reserve Cryptocurrency Index (IRCI) for Singapore, conducted alongside Milieu Insight Market Research, surveyed 1,500 local residents to assess perceptions around digital currencies. According to a tweet from SMQKE, the findings confirm rising interest in XRP, particularly as digital assets become more familiar among the population.

Crypto awareness in Singapore has hit a record high, with 94% of survey participants reporting they are aware of at least one cryptocurrency. Bitcoin continues to dominate the conversation, with 91% recognition and forming 68% of the average investor’s crypto portfolio. Yet, the spotlight is gradually shifting to altcoins, particularly XRP, which is witnessing significant momentum among investors.

According to the report, XRP now constitutes 17% of Singaporean crypto portfolios, marking a notable rise from 14% in the previous year. This 3% increase places XRP as the altcoin with the second-highest growth in allocation. Only Ethereum saw a bigger jump, rising from 41% to 48%. Solana and Dogecoin followed with marginal gains, but both still hold larger individual shares in investors’ holdings compared to XRP.

The surge in XRP’s popularity is not confined to Singapore alone. A recent study from Bitso revealed that in Latin America, XRP outpaced even Ethereum and Solana in purchase volume during 2024. This global appeal underscores XRP’s growing utility and investor confidence.

Investor behavior in Singapore showcases a cautious but steady approach to crypto. Around 57% of respondents reported investing under $500 per month in digital currencies. Another 29% invested between $500 and $1,000 monthly, while 10% contributed more than $1,000 regularly—demonstrating strong long-term belief in the asset class.

The report also delves into stablecoin trends in the region. Approximately 46% of those surveyed said they either currently hold or had previously held stablecoins. Among them, 21% are current holders and 25% are past users. Additionally, a significant 83% prefer stablecoins pegged to the US dollar, confirming its dominant role in the market. This trend aligns with comments from U.S. crypto and AI policy leader David Sacks, who emphasized in a recent statement that America’s influence in stablecoin regulation is set to grow further.

Ripple is strategically capitalizing on this stablecoin demand with the development of RLUSD. Fiona Murray, Ripple’s managing director for the APAC region, discussed how RLUSD is more than just a transactional tool—it is shaping up to be a critical asset for decentralized finance and cross-border payments. As part of this initiative, Ripple has listed RLUSD on multiple exchanges and is actively integrating it within its payment systems.

Despite launching only recently, RLUSD’s market cap has already surpassed $310 million. This rapid adoption underlines confidence in Ripple’s vision for expanded stablecoin functionality. Murray believes RLUSD has the potential to unlock a new wave of cryptocurrency usage that stretches beyond simple buying and selling. With expectations that the digital asset market could soar to $1 trillion by the end of 2025, Ripple aims to position RLUSD and XRP as foundational pillars in the evolving blockchain ecosystem.

Related: Expert Advice: Sell XRP If You’re Confused

Singaporeans’ rising crypto literacy and their willingness to diversify into altcoins like XRP reflect a sophisticated market mindset. With institutions like Ripple doubling down on blockchain utility through assets such as RLUSD, the future of XRP in Singapore and beyond looks increasingly promising.