Singapore Crypto Investors Boost XRP Holdings Amid Bitcoin Dominance

In Singapore, crypto investors are increasingly adding XRP to their portfolios, doubling its representation to 17% from 14% over the past year, while Bitcoin still predominates. The growth in XRP reflects a broader trend of rising cryptocurrency awareness among the public, with 94% of locals familiar with digital currencies. Additionally, monthly investment patterns show that many are treating crypto as a secondary investment rather than a primary focus.

Recent trends show Singaporean crypto investors are significantly increasing their holdings in XRP, with the altcoin now representing 17% of their portfolios, up from 14% last year. This surge indicates a noticeable shift in interest among traders, as Bitcoin continues to dominate, still holding 68% of the average investor’s cryptocurrency investments. The growing confidence in XRP seems to stem from its payment-oriented approach, signalling a maturation of Singapore’s crypto landscape.

According to the 2025 Independent Reserve Crypto Index, an impressive 94% of Singaporeans now recognise at least one cryptocurrency—a marked uptick from previous years. Bitcoin remains at the forefront with 91% awareness, highlighting its enduring popularity. This robust recognition of various digital coins underscores the city-state’s transition into a more established trading environment, with increasing options for investors.

In particular, altcoins such as Ethereum and Solana are also gaining traction. Ethereum climbed to 48% of holdings from 41%, and Solana saw a modest rise to 19%. Dogecoin registered a slight increase from 18% to 19%. XRP’s three-point gain further cements its emerging reputation amongst investors who are actively diversifying beyond Bitcoin, reflecting a growing trust in its utility.

Investment behaviours among Singaporeans differ markedly. Data reveals that 57% of investors typically invest less than $500 monthly while another 29% input between $500 and $1,000. Only a small fraction—just 10%—commit over $1,000 each month, indicating that for most, cryptocurrency remains more of a speculative side hobby than a full-time venture.

Stablecoins have also found a place in the portfolios of local investors. A survey showed that 46% currently own or have owned US-pegged stablecoins, with the majority, 83%, preferring those pegged to the US dollar. Notably, Ripple’s newly launched RLUSD has amassed a commendable $310 million market cap shortly after its introduction, positioning itself not just for trading but also for cross-border transactions and decentralised finance.

This increasing adoption of XRP resonates with trends observed in other regions. For instance, a report from Bitso indicated a preference for XRP over other altcoins like Ethereum and Solana in Latin America during 2024. Such burgeoning interest illustrates the potential for XRP to evolve from a niche player to a fundamental component of both retail and institutional strategies in the broader cryptocurrency market.

While Bitcoin’s leading position remains firm, the ascension of altcoins, particularly XRP, signals a dynamic and changing landscape within Singapore’s cryptocurrency scene. Investors are clearly showing a willingness to explore beyond Bitcoin, and XRP appears to be leading that foray into the future of digital finance.