Ripple, which has been fighting the SEC for a long time, has won a big victory against the SEC, although the process is still not fully concluded.
After Donald Trump was elected president, XRP experienced a major rally and approached the $3 level. However, even though XRP fell back to $2.3 levels with the declines experienced afterwards, a cryptocurrency analyst listed seven important events to follow for XRP.
At this point, the analyst nicknamed Velo maxi, who advised not to sell XRPs until the seven major events he listed occur, stated that these events could have a significant impact on the value and market position of XRP.
1-RLUSD Launch:
First addressing the launch of Ripple’s stablecoin RLUSD, the analyst stated that he believes the launch will positively impact the XRP price.
2-Trump’s Inauguration:
Donald Trump, who won the US Presidential elections, will be sworn in as the US President on January 20, 2025. The analyst argued that if Trump introduces pro-crypto policies, these will positively affect the XRP price.
3-Gary Gensler’s Departure from the SEC:
SEC Chairman Gary Gensler, known for his anti-cryptocurrency approach, will step down next month and be replaced by Paul Atkins.
Although the SEC-XRP case clarified the legal status of XRP, the market believes that the threat to XRP will not be completely eliminated until Gensler resigns. At this point, the analyst believes that a change in leadership at the SEC will benefit the entire crypto industry, including XRP.
4-Possible Solution to the Ripple-SEC Case:
The analyst noted that the next SEC chairman could help resolve the XRP lawsuit, adding that if the case is concluded, the XRP price could reach new highs.
5-Start of Altcoin Season:
The analyst stated that the start of the anticipated altcoin season will lead to a major growth in the XRP price.
Bitcoin’s dominance currently stands at 58%. If this rate drops below 50%, it will signal the start of an altcoin season.
6-Ripple’s Major Bank Partnership:
The analyst noted that Ripple is likely to announce a major partnership with a major bank. If this happens, the XRP price will be positively affected.
7- Potential XRP ETF Approval:
Noting that there are already XRP ETF applications and that they could receive approval with the new SEC chairman before the end of 2025, the analyst said that a potential approval could increase the XRP price by attracting more institutional investors.
The analyst finally advised XRP holders to “Be smart, not stupid,” advising them to wait for these key events to occur before deciding whether to sell their XRP.
*This is not investment advice.
