Gemini XRP Integration in Singapore Fails to Halt 4.6% Price Drop
1h ago|5 min readStandard
Fazen Markets Editorial Desk
Collective editorial team · methodology
xrpgemini-exchange
Fazen Markets Editorial Desk
Collective editorial team · methodology
Trades XAUUSD on autopilot. Verified Myfxbook performance. Free forever.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. AiX is informational software — not investment advice. Past performance does not guarantee future results.
Gemini announced on 25 August 2026 the activation of native XRP Ledger transfers for its users in Singapore. The integration allows direct deposits and withdrawals on the decentralized network, a technical upgrade from previous wrapped asset or internal ledger systems. As of 04:00 UTC today, XRP traded at $1.44, reflecting a 24-hour decline of 4.61% despite the supportive exchange development. The asset's market capitalization stood at $90.59 billion, with $3.90 billion in trading volume over the same period, indicating high liquidity amid the price decrease.
Singapore has positioned itself as a leading hub for digital asset innovation, with its Monetary Authority of Singapore granting major payment institution licenses to numerous crypto firms. The regulatory clarity has prompted global exchanges to deepen their service offerings in the jurisdiction, targeting both retail and institutional clients. Gemini's activation of native XRP Ledger support follows a similar move by Coinbase in the region six months prior, which saw a transient 2.1% price increase for XRP that was erased within two trading sessions.
The current macro backdrop for digital assets remains influenced by interest rate expectations and institutional adoption trends. The decision to focus on XRP infrastructure coincides with ongoing legal clarity surrounding the asset following the conclusion of its major SEC litigation in late 2025. This legal resolution removed a significant overhang that had previously deterred some U.S.-based platforms from fully supporting the asset, freeing global entities like Gemini to proceed with integrations in friendly jurisdictions. The catalyst chain involves regulatory approval, technical implementation, and a strategic push to capture market share in Asia's competitive crypto exchange landscape.
XRP's price of $1.44 represents a significant drawdown from its weekly high of $1.58 recorded on 23 August 2026. The 24-hour trading volume of $3.90 billion confirms active market participation, though the volume-to-market-cap ratio suggests the selling pressure outweighed new buying interest. This negative momentum occurred even as broader crypto market indices showed mixed performance, with Bitcoin posting a slight 0.3% gain over the same 24-hour window.
The asset's market capitalization of $90.59 billion solidifies its position as the fifth-largest cryptocurrency by this metric. A comparison of performance before and after the announcement highlights the market's reaction. In the eight hours following the news, XRP price action declined from an intraday high of $1.49 to its current level, indicating that the bullish catalyst was insufficient to counter prevailing market forces.
| Metric | XRP | Ethereum (Comparative) |
|---|---|---|
| 24h Price Change | -4.61% | -1.2% |
| Market Cap | $90.59B | $452.1B |
| 24h Volume | $3.90B | $18.5B |
Technical indicators such as the Relative Strength Index dipped into oversold territory below 30, suggesting a potential near-term exhaustion of selling pressure. The price currently tests a key support level that has held on three separate occasions throughout August 2026.
The immediate market response indicates that exchange-specific technical integrations are currently secondary to broader macroeconomic factors driving crypto valuations. The failure of the news to catalyze a price increase suggests that the market had likely priced in this development or views it as a minor operational update rather than a major liquidity event. This is a second-order effect of the increased maturity of the crypto market infrastructure, where single-exchange announcements carry less weight than they did in previous market cycles.
Sectors that could see indirect benefits include other payment-focused cryptocurrencies with strong Asian market presence, such as Stellar Lumens (XLM), which often exhibits a correlation with XRP on regulatory and partnership news. Publicly traded companies with exposure to crypto exchange revenues, like Coinbase Global (COIN), may also see peripheral interest as competitors expand their service suites. A key limitation to the bullish thesis is the current risk-off sentiment in altcoins, where traders are favoring Bitcoin and Ethereum over smaller-cap assets regardless of positive fundamental developments.
Positioning data from derivatives markets shows a slight increase in open interest for XRP futures contracts, indicating that some traders are using the price dip to establish new long positions. Flow analysis suggests spot market selling is being driven by short-term holders taking profits near the $1.50 psychological level, while longer-term holders maintain their positions.
The next significant catalyst for XRP is the upcoming Swell conference scheduled for 15 October 2026, where key network developments and partnership announcements have historically been made. Market participants will monitor whether Gemini expands its XRP Ledger support to other key regions, particularly the European Union, where regulatory clarity under MiCA is now fully implemented. The monthly U.S. Consumer Price Index report on 12 September 2026 will provide critical data on inflation trends, influencing the interest rate outlook that heavily impacts all risk assets, including cryptocurrencies.
Technical levels to watch include strong support at the 50-day moving average, currently near $1.38, which has provided a bounce on three separate tests this quarter. A decisive break below this level on high volume could signal a deeper correction toward the $1.25 support zone. Conversely, resistance is firmly established at the $1.55 level, which has capped upward moves throughout August. A break above this resistance on sustained volume would be necessary to invalidate the current short-term bearish structure.
Native support allows users to transfer XRP directly to and from their Gemini wallet addresses on the decentralized XRP Ledger. Previous methods often involved custodial solutions or wrapped token representations on other blockchains, which added layers of complexity and counterparty risk. Native integration offers faster settlement times, lower transaction fees, and true self-custody capabilities, aligning with the core principles of blockchain technology. This technical upgrade is particularly significant for institutional users requiring direct blockchain interaction for their operational or treasury management workflows.
The Monetary Authority of Singapore does not classify XRP as a security, allowing regulated exchanges like Gemini to offer full trading and transfer services for the asset. This stance contrasts with the more cautious approach previously taken by U.S. regulators before the conclusion of the SEC lawsuit. Singapore's clear regulatory framework has made it a preferred base for crypto businesses seeking to offer a wide range of digital asset services without regulatory ambiguity. The approval for Gemini's native XRP integration signals continued regulatory comfort with the asset's status.
Yes, native integration on a major exchange like Gemini enhances XRP's utility for cross-border payments by streamlining the on-ramp and off-ramp process for Singapore Dollar and other fiat currencies. The XRP Ledger is designed for fast, low-cost international settlements, and direct exchange support reduces friction for businesses and individuals moving value across borders. This development strengthens Singapore's position as a node for global payment corridors, particularly within Southeast Asia, where remittance flows are significant. The efficiency gain, however, must be weighed against the asset's price volatility for practical payment use cases.
Gemini's technical upgrade for XRP in Singapore failed to override broader market headwinds pressuring the asset's price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.
AiX is our free MetaTrader 4 Expert Advisor. Verified Myfxbook performance. No subscription. No fees. XAUUSD breakout engine.
Trade the assets mentioned in this article
Trade on BybitSponsored
Open a demo account in 30 seconds. No deposit required.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.