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$XRP Amid Lawsuit Hype – A Risky Bet, Warn Experts!
The crypto community is eagerly awaiting the outcome of the long-running legal battle between Ripple and the U.S. SEC, especially after a closed-door SEC meeting on March 6 fueled speculation that the case might soon be dismissed. Some experts predict a decision could come "today or tomorrow."
However, amid the growing excitement, software engineer Vincent Van Code has warned investors against rushing to buy XRP in hopes of making quick profits. He cautions that betting on price swings based on rumors is highly risky.
Is the Ripple-SEC Battle Coming to an End?
While many believe the SEC may soon make a major decision regarding XRP, Van Code argues that the situation is more complex than it seems. The SEC has recently dropped lawsuits against other crypto firms, leading some to speculate that Ripple could be next—but it’s not that simple.
"Buying XRP before the SEC meeting in hopes of a price pump is gambling! There’s a chance the case gets dismissed, but it’s unlikely. This is more of a court matter than an SEC ruling." – Vincent Van Code
Think Twice Before Taking the Risk!
The case is currently under Judge Analisa Torres’ supervision until August 2025, meaning any settlement must go through legal approvals, which take time. Some experts believe a resolution could come by May, but that doesn’t necessarily mean an immediate market reaction.
Analysts warn that betting on XRP’s price surge due to lawsuit news could be a risky move. If expectations aren’t met, the price might stay stagnant or even decline, leaving traders in losses.
XRP Faces Pressure – What’s Next?
Currently, XRP is struggling to maintain its momentum, trading at $2.33 after an 8.5% drop. The price recently failed to hold above $2.50, leading to a pullback.
Key support level: $2.20 – a breakdown could push the price toward $2.00.
Resistance ahead: A break above $2.50 could reignite bullish momentum, targeting $2.70 and possibly retesting the $3.00 mark.
Bottom Line
While speculation continues, investing in XRP now is more of a gamble than a calculated investment strategy. Investors should exercise caution and avoid chasing the hype without a solid plan. 🚨
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