XRP, one of the top cryptocurrencies, has seen a remarkable growth of over 116.1% in the last 30 days. This surge has surpassed the performance of other major cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin. Renowned crypto analyst Velo Maxi has provided valuable insights for XRP holders, advising them to keep an eye on key events before making any decisions to sell their tokens. Let’s delve deeper into the crucial events shaping the future of XRP.
Ripple’s recent launch of its stablecoin, RLUSD, on December 17 has sparked optimism in the crypto community. Maxi believes that this launch will have a positive impact on the price of XRP, generating excitement among XRP enthusiasts.
In a surprising turn of events, pro-crypto candidate Donald Trump emerged victorious over Kamala Harris in the US presidential election. With Trump set to assume office in late January 2025, there is speculation that his pro-crypto policies could benefit XRP’s price. The departure of Gary Gensler, known for his tough stance on the crypto industry, as SEC chairman, and the appointment of pro-crypto executive Paul Atkins by Trump, is expected to bring positive changes for the crypto sector as a whole.
The ongoing legal battle between Ripple and the SEC could potentially see a resolution under the new SEC leadership. Maxi suggests that a settlement in this case could propel XRP to new heights in terms of price and market sentiment.
Altcoin season could also play a significant role in driving the growth of XRP. With Bitcoin dominance currently at 58.32%, a drop below 50% would signal the beginning of an Altseason, during which XRP is expected to experience substantial growth.
Ripple’s upcoming partnerships with financial institutions are anticipated to further boost the market value of XRP. Any major partnership announcement could have a significant positive impact on XRP’s price.
Moreover, the potential approval of XRP ETFs could open the doors for more institutional players to enter the XRP market. With several ETF proposals already submitted, Maxi highlights the possibility of approval before 2025.
In conclusion, Velo Maxi advises XRP holders to stay informed and patient, closely monitoring these key developments before making any decisions. By staying abreast of these events, XRP holders can make informed choices about their investments in the ever-evolving crypto market.