In the past 30 days, XRP has surged by an impressive 116.1%, outperforming top cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin. Crypto analyst Velo Maxi advises XRP holders to monitor several key events that could shape the asset’s future before considering selling.
RLUSD Launch Fuels Optimism
Ripple’s recent launch of the RLUSD stablecoin on December 17 has sparked excitement among XRP enthusiasts. Velo Maxi believes the stablecoin could positively influence XRP’s market performance, further boosting investor confidence.
Trump’s Presidency: A Crypto-Friendly Shift?
Donald Trump, a pro-crypto candidate, defeated Kamala Harris in the U.S. presidential election and will assume office in January 2025. Maxi suggests that Trump’s potential introduction of pro-crypto policies could significantly benefit XRP and the broader crypto market.
SEC Leadership Shakeup
Gary Gensler, known for his aggressive stance against cryptocurrencies, recently announced his resignation as SEC chairman. Trump’s choice for a replacement, pro-crypto advocate Paul Atkins, is expected to bring regulatory relief to the crypto industry. Maxi believes this leadership change could favor XRP and its ongoing legal battle.
Ripple-SEC Legal Case: Settlement on the Horizon?
Ripple’s legal battle with the SEC remains a critical factor for XRP’s future. Maxi highlights the possibility of a settlement under the new SEC leadership, which could propel the XRP price to unprecedented levels.
Altcoin Season: A Catalyst for XRP
Bitcoin’s dominance in the crypto market currently stands at 58.32%. Maxi asserts that if dominance drops below 50%, signaling the start of Altseason, XRP could experience substantial growth.
Partnerships and Institutional Interest
Ripple’s collaborations with financial institutions continue to strengthen XRP’s utility. Maxi suggests that major partnership announcements or the approval of XRP ETFs could attract institutional investors, further driving XRP’s market value.
Conclusion: Patience Is Key
XRP’s impressive growth is backed by multiple promising developments, including regulatory changes, market trends, and Ripple’s strategic moves. Velo Maxi advises holders to remain patient and monitor these events closely, as they could unlock XRP’s full potential in the near future.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.