XRP active addresses surge 654% as Gemini expands Singapore operations
- Active XRP addresses surged 654.71% to 356,070 from 47,180
- Gemini enables direct XRP deposits and withdrawals via XRPL in Singapore
- Trader Altcoin Sherpa targets $2 for XRP following consolidation phase
- XRP added as cross-collateral for derivatives trading on Gemini in July

*this image is generated using AI for illustrative purposes only.
XRP network activity has intensified with active addresses rising 654.71% to 356,070 from 47,180. This surge coincides with Gemini expanding its XRP offerings in Singapore, allowing direct deposits and withdrawals over the XRP Ledger.
Network Activity Spikes
Crypto chart analyst Ali Martinez noted the sharp increase in active addresses on the XRP Ledger. He stated that such spikes typically signal stronger network participation and can coincide with increased price volatility.
Pseudonymous trader Altcoin Sherpa expects XRP’s ongoing consolidation to resolve higher. Sherpa described lower timeframes as choppy but characterized the broader consolidation as "good and healthy." The trader identified $2 as the target for XRP’s next move.
Gemini Warms Up To XRP
Gemini CEO Tyler Winklevoss announced expanded XRP functionality for users in Singapore on Monday. Local customers can now deposit and withdraw XRP directly over the XRP Ledger (XRPL). Gemini already offers Singapore customers access to more than 70 cryptocurrencies, with funding available in Singapore dollars.
In July, Gemini added XRP as cross-collateral for derivatives trading. This allows traders to use the token alongside Bitcoin, Ethereum, Tether, and Gemini Dollar. In late June, Gemini and Ripple launched an XRP edition of the Gemini Credit Card, enabling users to earn rewards in XRP.
What the Numbers Show
The 654.71% surge in active addresses represents a significant shift in network utilization, moving from a base of 47,180 to 356,070. This volume expansion aligns with Gemini’s structural enhancements to XRP utility in Singapore, suggesting that increased on-chain activity may be driven by broader institutional accessibility rather than speculative retail trading alone.
Will the surge in XRP network activity translate into sustained price momentum above the $2 target, or is this volatility likely to remain short-lived?
How might Gemini's expansion of XRP functionality in Singapore influence regulatory perceptions of stablecoin and utility token usage in other Asian markets?
Could the integration of XRP as cross-collateral for derivatives trading encourage other major exchanges to adopt similar institutional-grade features?

































