XRP Caution Advised as SEC Ripple Lawsuit Decision Nears
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A Word of Caution
However, software engineer Vincent Van Code has urged caution. In a recent tweet, he compared buying XRP just before the SEC meeting to gambling, emphasizing that the high volatility and uncertainty surrounding the event make it a risky strategy. His message to investors is clear: “Buying XRP just before the supposed SEC meeting to catch it pumping is GAMBLING. Don’t gamble.”
Legal Hurdles Remain
The potential resolution of Ripple’s lawsuit is complicated by a $125 million penalty imposed by Judge Torres, who retains jurisdiction over the case until August 2025. Legal experts suggest that while a dismissal is possible, the procedural complexities mean that the case could continue, with a final resolution potentially wrapping up by May, though unexpected developments may alter this timeline.
Diverse Investment Views
Meanwhile, opinions within the XRP community remain divided. While some, like X user Bodhi Karma, believe that long-term holding could be a prudent move despite short-term volatility, others echo Van Code’s concerns about the speculative risks of a pre-settlement rush.
As the SEC’s decision looms, investors are urged to focus on fundamentals rather than treat this moment as a quick profit opportunity.