According to the source, XRP fell alongside Bitcoin on Monday while Ripple reported positive news tied to its payments service in Singapore, source: the source. Ripple Markets APAC Pte Ltd previously obtained a Major Payment Institution license to provide digital payment token services in Singapore, enabling regulated DPT activities under the Payment Services Act, source: Monetary Authority of Singapore public register and Ripple announcement dated October 4, 2023. Regulated DPT permissions in Singapore can improve institutional access to crypto liquidity and enterprise payments workflows, supporting the scalability of Ripple Payments in APAC, source: MAS Payment Services Act framework and Ripple Payments product documentation. Altcoin performance including XRP often shows positive beta to Bitcoin moves, meaning broad crypto drawdowns can pressure XRP even amid company-specific positives, source: Coin Metrics correlation research and Kaiko market microstructure reports. For trading, monitor XRP/BTC relative strength, XRP liquidity on SGD- and USDT-quoted pairs, and any new MAS filings or public notices linked to Ripple’s DPT activities to validate a fundamental catalyst, source: MAS register disclosures and exchange order book metrics from major venues.