XRP Climbs to Top Spot in Singaporean Crypto Portfolios—Bankers Sigh audibly

Move over, Bitcoin—Singapore’s retail investors are betting big on XRP. Independent Reserve’s latest report shows Ripple’s token muscling its way into the top holdings, proving once again that crypto markets love an underdog (or a lawsuit magnet).

Why the surge? Local traders are clearly unfazed by regulatory gray areas—or maybe they’ve just developed a taste for legal drama. Either way, traditional finance suits are clutching their pearls as altcoins eat their lunch.

One hedge fund manager sniffed: ’At least it’s not Dogecoin.’ Progress, we suppose.

Excerpt from IRCI ReportExcerpt from IRCI Singapore Report Remarkably, a recent report identified a similar increased portfolio allocation to XRP. Research from Bitso shows that Latin American crypto investors bought more XRP than Ethereum and Solana in 2024. Meanwhile, Singaporeans invest a considerable amount in crypto monthly. About 57% of the respondents invest below $500 per month, 29% invest above $500 but below $1,000, while just 10% DCA into choice cryptocurrencies with over $1,000 monthly. RLUSD in View as Stablecoin Appetite Grows About 46% of respondents disclosed they own or have previously owned stablecoins. Of this figure, 21% currently hold stablecoins, while 25% used to hold them.  Furthermore, 83% of holders prefer USD-pegged stablecoins. This confirms the American dollar’s dominance, a stance that the White House AI and crypto czar, David Sacks, says the United States intends to sustain with the stablecoin regulatory framework push. Meanwhile, Ripple’s APAC managing director, Fiona Murray, highlighted this preference in the report and how the Ripple USD (RLUSD) stablecoin is a game changer. She further emphasized the transitioning of stablecoin beyond a trading tool to an asset for complex blockchain utility, such as in cross-border payment and DeFi. With this vision, Ripple ventured into launching and deploying the RLUSD stablecoin in its payment business. So far, the asset has surpassed a market cap of $310 million in a few months, a testament to its instant market adoption. The Ripple manager emphasized that RLUSD will power more than payment; it will fuel the next generation of crypto adoption. With a projection that the sector will reach $1 trillion by the end of 2025, RLUSD has more market share to attract.