Winklevoss Brings XRP Deposits Directly to Singapore's XRPL Network

Gemini Co-Founder Tyler Winklevoss has shared 'big news' for the XRP community, which could further boost momentum in the price of XRP. The XRP price has rallied over 50% in a week, thanks to significant inflows from retail and institutional investors into spot XRP ETFs.

The inflows totalled $13.82 million on Monday, with Bitwise XRP ETF leading with $8.25 million in inflows. This is part of a larger trend, as XRP ETFs saw $97.24 million in trading volume. The price currently stands at $1.52, having jumped 2% over the past 24 hours.

Gemini users can now deposit and withdraw XRP directly over the XRP Ledger network in Singapore, thanks to a new feature announced by Winklevoss. This is significant because Singapore is one of Asia's top financial centers and crypto hubs. The country is under the oversight of the Monetary Authority of Singapore (MAS), which has been collaborating with Ripple on various initiatives.