XRP News: Gemini’s Tyler Winklevoss Announces “Big News” for XRP Community

XRP price is on a massive rally amid multiple catalysts, including significant inflows from retail and institutional investors into spot XRP ETFs. Gemini co-founder Tyler Winklevoss shared another “big news” for XRP Army that could trigger further upside momentum in XRP price.

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Big XRP News from Gemini Co-Founder Tyler Winklevoss

Tyler Winklevoss revealed that Gemini users can now deposit and withdraw XRP directly over the XRP Ledger (XRPL) network in Singapore. “Big news for the Ripple Army in Asia,” he said.

This expands native XRPL support for Singapore-based customers of the regulated cryptocurrency exchange. It is significant because the country is one of Asia’s top financial centers and crypto hubs, under the oversight of the Monetary Authority of Singapore (MAS).

As CoinGape reported recently, Ripple joined Singapore’s MAS BLOOM initiative to test its RLUSD stablecoin. The move intends to analyze whether the stablecoin can speed up cross-border trade by replacing slow, manual payment processes.

Notably, JPMorgan, Ripple, Mastercard, and Ondo Finance completed the first cross-border tokenized treasury settlement using XRP Ledger. The USD was deposited to Ripple’s Singapore bank account.

XRP Ledger is also undergoing a major shift amid growing tokenization and tradFi-crypto industry collaboration. The network has also announced the XRP Ledger 3.3.0 upgrade that brings major amendments to boost institutional adoption.

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Will Price Rally Further amid Massive ETF Inflows?

XRP price has dropped more than 4% in the past 24 hours amid profit booking after a 50% weekly rally. The price is currently trading at $1.43, with a 24-hour low and high of $1.42 and $1.49, respectively.

Furthermore, trading volume has decreased by almost 36% over the last 24 hours, signaling traders turning cautious ahead of PCE inflation data. XRP price analysis indicated overall structure remains bullish as long as the price stays above $1.40.

Meanwhile, spot XRP ETFs are witnessing strong inflows from institutions, with $23.87 million on Tuesday, almost double in a day. Bitwise XRP ETF led with $11.02 million in inflows. Notably, XRP has been rallying since CoinGape reported that Goldman Sachs re-entered XRP ETFs and became the top holder again.

Meanwhile, XRP futures open interest is rising massively in the US, according to Coinglass data. It climbed almost 3% to $3.54 billion in the past 4 hours after falling nearly 5% over the past 24 hours.

The 4-hour XRP futures OI also skyrocketed 16% on CME amid bullish news. The futures OI also surged on Binance, Hyperliquid, and other crypto exchanges in the last 4 hours.

Traders looking to capitalize on this momentum can compare features on the best crypto derivative futures trading platforms.