- Gemini extended its native XRP Ledger support in Singapore with the move announced by Tyler Winklevoss regarding XRP.
- XRP kept gaining momentum with increased ETF inflows, futures trading, and institutional involvement.
Gemini is offering native XRP Ledger deposits and withdrawals in Singapore, enabling users to transact in XRP via XRPL. Gemini co-founder Tyler Winklevoss disclosed the feature on Monday, describing it as “big news” for the XRP community in Asia. Singapore continues to be a leading financial capital and crypto hub regulated by the Monetary Authority of Singapore.
Big news for the Ripple Army in Asia. @Gemini users in Singapore 🇸🇬 can now deposit and withdraw XRP over the XRPL network.
— Tyler Winklevoss (@tyler) August 24, 2026
This move takes place amid increased recognition of the XRP Ledger in financial institutions and tokenization. For instance, Ripple became part of Singapore’s MAS BLOOM project, where the company will investigate RLUSD’s role in enhancing international business transactions. The XRP Ledger was also used by JPMorgan, Ripple, Mastercard, and Ondo Finance to conduct a cross-border tokenized treasury settlement. At the same time, XRPL 3.3.0 made alterations aimed at privacy and institutional adoption.
The Gemini decision provides yet another link between XRP infrastructure and the financial system in Singapore. Deposits and withdrawals of native XRPL also provide an opportunity for eligible customers to make payments using the XRP network directly.
XRP Price Surge Follows Alongside High ETF Activities
In the meantime, XRP has been exhibiting solid performance in the market. XRP had an increase of more than 50% over the week that has been reported. Retail and institutional demand for spot XRP ETFs was responsible for the rise. Inflow of spot XRP ETFs stood at $13.82 million on Monday, and trading volume came in at $97.24 million. XRP ETF managed by Bitwise was responsible for the maximum inflow of $8.25 million, while Goldman Sachs became the largest holder of the XRP ETF, as per the reports.
XRP was trading around $1.52, while the 24-hour trading range stood between $1.45 and $1.55. Additionally, trading volume increased by 15% during the period. Open interest in XRP futures increased by almost 6% to $3.81 billion in 24 hours. CME saw a rise of 18%, whereas Binance saw a fall of 1.32%.
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