By Michael Scott
A leading crypto analyst, Velo Maxi, discloses his thoughts on XRP’s future, urging vigilance among these altcoin holders for bele events before selling the token.
The veteran digital assets analyst warns against the XRP holders indulging in a panic sell of their XRPs.
The analyst caution emerges despite the XRP plunge following the US Federal Reserve (Fed) announcing a 25 basis point cut on the interest rate. Per Velo Maxi’s view, the following events could substantially influence the XRP value and market position.
Ripple Unveils RLUSD Stablecoin
Maxi illustrates that Ripple Labs has successfully launched its on-chain stablecoin RLUSD on several exchanges.
The move is a critical milestone, and the XRP army is optimistic it will positively impact this altcoin’s future.
With the RLUSD-based transactions requiring XRP gas fees, an uptrend in stablecoins usage will fuel the demand, resulting in a price spike for XRP.
Will Trump’s Inauguration Reverse the Trend?
Maxi weighs into the upcoming Inauguration of Donald Trump following his successful re-election bid.
The analyst considers his return to the Oval Office likely to trigger further upward momentum for XRP.
The bet on Trump’s inauguration emerges from the awareness of XRP’s gigantic leap since Trump emerged victorious in the Nov. 5 polls.
The XRP community considers his return likely to bring pro-crypto regulatory changes favoring digital assets, including XRP.
Gary Gensler’s Exit
Maxi identifies the resignation of Gary Gensler from the SEC chair as timely for XRP and other altcoins suppressed by the multi-year legal battles.
Despite Gensler’s exit becoming effective on January 20, the analyst is optimistic about a pro-crypto stance from the successor.
Although the court ruling clarified the legal status of XRP, community members consider the threat not fully extinguished until Gensler exits the securities watchdog.
President-elect Trump has already decided that former SEC commissioner Paul Atkins will succeed Gensler as chair. The crypto industry expects Atkins to be more favorable to crypto.
Conclusion of Ripple’s Legal Battle
Maxi singles out the ongoing legal case pitting Ripple Labs against the SEC as a critical event. The case is locked in the appeal phase and could ultimately settle as Trump returns to the Oval Office and the pro-crypto SEC chair starts a new tenure at the agency.
The case’s conclusion in 2025 will allow the XRP to navigate propelled by regulatory clarity on its classification status.
Altcoin Season
Velo Maxi echoed other market commentators, indicating that the altcoin season emerging in this cycle could propel XRP to new heights.
The analyst elaborates on the ‘altcoin season’ as the period when alternative crypto experiences substantial growth in their value.
This phase often emerges when Bitcoin dominance declines below 50%, possibly lower than the current 57% level.
Ripple Partnership with Major Banks
Velo Maxi considers the possibility of Ripple securing a strategic partnership with a leading financial institution, which will positively impact the XRP value.
The analysts bet on this development, given that Ripple has been actively collaborating with financial institutions to bolster its payment infrastructure’s adoption and potentially drive XRP-based deals.
Today, hundreds of financial institutions have embraced RippleNet, including Santander (USA), Kotak Mahindra Bank India, American Express, Bank of America, and Canadian Imperial Bank of Commerce.
SEC Approving XRP ETF
Maxi acknowledges the possibility of the SEC approving the applications for XRP exchange-traded funds (ETFs) next year. The analyst illustrates that four asset managers have filed for the ETF, including Grayscale, 21Shares, Bitwise, and Canary Capital, with approval likely by December 2025 under a new pro-crypto chair.
The approval of ETF will ultimately attract more institutional investment, further propelling the XRP’s price and accelerating mainstream adoption.
Maxi echoes the optimism of the XRP enthusiasts that the altcoin could replicate the scenario similar to Bitcoin leab following the ETF approval in January. For context, Bitcoin has rallied from the $40,000 range to chart a new peak at $108K.
Maxi concludes his insights by urging the XRP holders to exercise patience till the seven events unfold and later decide whether to dispose of the tokens.
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