I have a red velvet skirt similar to that and for casual styling I treat it like my jeans- t shirts, long sleeved t shirts, casual shirts and jumpers on top. Pink and red together is having a moment, a shortish boxy pink jumper could look fabulous. Flat boots on my feet (or trainers if it’s the right weather).
For something dressier I would probably want a black evening top of some kind, or another neutral colour like pale gold could also work. And a dressier shoe with a heel, or metallic brogue?
I think white or cream might risk looking a bit overly Christmas!