Well-known crypto analyst Velo Maxi shares his insights on the future of XRP and outlined a series of key events that holders should watch before considering selling their tokens.
According to Velo Maxi, these events could have a significant impact on XRP’s value and market position.
Ripple’s RLUSD Stablecoin Launch
Maxi pointed to Ripple’s recent launch of its stablecoin, RLUSD, on global exchanges as the first major milestone. Notably, this launch occurred this past Tuesday. XRP proponents see it as a positive development that will impact XRP’s performance in the future.
Trump’s Potential Return
Secondly, Maxi advised XRP holders to hold on to their tokens until Donald Trump officially returns to office. Trump emerged victorious in the November election. His return as the U.S. President promises to bring regulatory changes that could be favorable to cryptocurrencies, including XRP.
Gary Gensler’s Departure from the SEC
Another key factor Maxi highlighted was potential the departure of SEC Chair Gary Gensler. Gensler announced his resignation in November, which will take effect in January.
While the court has clarified XRP’s legal status, some community members feel that the threat to XRP will not be fully over until Gensler steps down.
President-elect Donald Trump has appointed Paul Atkins, a former SEC commissioner, to take over as SEC chair. Atkins is expected to be more favorable to crypto.
End of Ripple’s Legal Battle
Maxi also pointed to the ongoing legal case between Ripple Labs and the SEC as a crucial event. The case is currently in the appeal phase, but many market commentators believe it could settle once Trump takes office and the new pro-crypto SEC chair leads the agency.
Altcoin Season
Furthermore, Velo Maxi mentioned the potential for an “altcoin season,” a period when alternative cryptocurrencies, including XRP, could experience significant growth. This phase typically occurs when Bitcoin’s dominance drops below 50%, though it currently stands at 57%.
Ripple’s Major Bank Partnership
The analyst also mentioned the possibility of Ripple announcing a significant partnership with a major financial institution. This development could positively impact XRP’s market value.
Notably, Ripple is actively collaborating with several financial institutions to drive XRP-based deals.
XRP ETF Approval
Lastly, Maxi highlighted the possibility of an XRP exchange-traded fund (ETF) being approved. Currently, four filings are under review by the SEC. Approval is expected before the end of 2025, particularly with the new pro-crypto SEC chair.
If approved, the ETF could attract more institutional investment, potentially driving up XRP’s price and accelerating its mainstream adoption. XRP enthusiasts hope for a scenario similar to Bitcoin’s rise after its ETF approval earlier this year. Specifically, Bitcoin has surged from around $40K to over $108K since the coming of ETFs.
In conclusion, Maxi urged XRP holders to “be smart, not stupid,” advising them to wait for these key events to unfold before deciding if they will sell their tokens.