In the last 30 days, XRP has witnessed a massive growth of over 116.1%. It has outperformed all the other top cryptocurrencies, including Bitcoin, Ethereum, Solana, and Dogecoin. Popular crypto analyst Velo Maxi advises holders to watch for a few key events before selling their tokens. Here is a closer look at the key events shaping the future of XRP.
Ripple’s RLUSD Launch Boosts Confidence
On December 17, Ripple launched its stablecoin, RLUSD. The expert believes that the launch would positively influence the price of XRP. The launch has already created huge excitement in the crypto community, particularly among XRP enthusiasts.
Trump’s Presidency Could Favour Crypto
Pro-Crypto candidate Donald Trump defeated Kamala Harris, who represented a crypto-skeptical regime, in the US presidential election. He is set to take the oath as the President of the United States in late January, 2025. The expert notes that if Trump introduces pro-crypto policies, it would positively impact the price of XRP.
SEC Leadership Changes to Impact XRP
Soon after the victory of Donald Trump, Gary Gensler, known for his aggressive stance against the crypto industry, announced his resignation from the post of the SEC chairman. Trump has already named a pro-crypto executive, Paul Atkins, to succeed Gensler. The expert thinks that the leadership change would benefit the entire crypto industry.
Possible Settlement of Ripple-SEC Legal Case
Ripple is fighting a tough legal battle against the SEC. Maxi points out that the next SEC leadership could help settle the issue. If this happens, it could push the price of XRP to new heights.
Altcoin Season Could Drive XRP Growth
The dominance of Bitcoin currently stands at 58.32%. Once the dominance drops below the level of 50%, it would mark the beginning of an Altseason. The expert asserts that XRP would see significant growth during the Altseason.
Ripple’s Upcoming Partnerships
Highlighting the fact that Ripple is currently working with financial institutions to promote XRP-based deals, Maxi opines that any major partnership announcement could boost the market value of XRP significantly.
Potential XRP ETF Approval
At least four filings seeking approval for the launch of XRP ETFs have been submitted so far. Indicating the possibility for these proposals to receive approval before 2025, Maxi emphasises that the launch of XRP ETFs would pave the way for the entrance of more institutional players into the XRP market.
In conclusion, XRP’s journey is influenced by multiple key events. Velo Maxi advises XRP holders to remain patient and watch these developments closely before deciding their next move.
