Investing in XRP, On The Hype Of Lawsuits End Is a Gamble! Say, Top Crypto Experts!
The post Investing in XRP, On The Hype Of Lawsuits End Is a Gamble! Say, Top Crypto Experts! appeared first on Coinpedia Fintech News
The long-running legal fight between Ripple and the U.S. SEC might be nearing its end, with a closed-door SEC meeting held on March 6 fueling speculation that the lawsuit could be dismissed soon. Some experts believe a decision could come “today or tomorrow.”
Amid the growing excitement, software engineer Vincent Van Code has warned investors against rushing to buy XRP in hopes of making quick profits. He cautioned that betting on price swings based on rumors could be risky.
Ripple SEC Case Will Resolve?Many believe the SEC will make a big decision on XRP, but Van Code says this may not be the case. Meanwhile, the recent closed-door meeting by the SEC has added to speculation that a resolution in the Ripple case might be near.
Buying XRP just before the supposed SEC meeting to catch it pumping is GAMBLING.
There is a chance it will be dismissed, but likely it won't. It's more of a court thing than an SEC thing. Don't gamble.
Over the past few weeks, the SEC has dropped lawsuits against other crypto firms, leading some to believe Ripple might be next. However, the situation is more complicated than it seems.
Van Code explains that this is more about legal processes than a direct SEC ruling. Ripple’s case is different from others because it has already received a court ruling, and the SEC is pushing for a $125 million penalty.
However, Judge Analisa Torres will oversee the case until August 2025, meaning any settlement must go through legal approvals, which take time. While experts suggest the case could be resolved by May, the process may not be as fast as some investors hope.
Investing in XRP, Now Is a Gamble!Therefore, Van Code’s warning is clear, buying XRP in hopes of a sudden price pump is a risky move. Many traders rush in, hoping for a pump, only to see the price stay the same or even drop. This is known as the “buy the rumor, sell the news” trap.
Since there is still a lot of uncertainty around XRP and its legal issues, buying just before the event is Gambling. If things don’t go as expected, prices could fall, and traders could lose money.
XRP Price Struggles Below $2.50XRP is currently facing downward pressure, trading around $2.33 after an 8.5% decline. The price recently attempted to stay above $2.50 but failed, leading to a pullback.
As of now, the key support level stands at $2.20. If XRP fails to hold above this zone, further losses toward $2.00 could be possible.
On the upside, a strong push above $2.50 could reignite bullish momentum, potentially driving the price back toward $2.70 or even retesting the $3.00 mark.