Compass Investments

– Investing in XRP is a gamble if you rely on the end of the lawsuit! Top crypto experts say Investing in XRP is risky amid uncertainty over Ripple lawsuit, warns leading crypto expert

a closed-door SEC meeting has fueled speculation about the possible outcome of the Ripple lawsuit, according to a legal expert

, The settlement of the Ripple lawsuit could take until August.

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be coming to an end. The US Securities and Exchange Commission (SEC) held a closed-door meeting on June 6, spurring speculation that the case may soon be dropped. Some experts believe that a decision could be made today or tomorrow.

Amid the hype, software engineer Vincent Van Kord warned investors against rushing to buy XRP for the sake of quick profits. He warned against betting on price fluctuations based on rumors.

Will Ripple’s case with the Securities and Exchange Commission be resolved?

Many believe that the SEC will make a major decision on XRP, but Mr. Van Kord says that may not be the case. Meanwhile, a recent SEC meeting behind closed doors has sparked speculation that a decision on Ripple may be imminent.

Buying XRP on the eve of an SEC meeting and catching that pump is a gamble.

it is possible that the lawsuit will be dismissed. This is a court case, not an SEC case. Let’s not gamble.

In recent weeks, the SEC has dropped lawsuits against other cryptocurrency companies, leading some to speculate that Ripple could be next. However, the situation is more complicated than it seems –

Van Kord explains that this is more about a legal process than a direct ruling from the SEC. Unlike other cases, Ripple has already been adjudicated, and the SEC is seeking a $125 million fine.

However, Judge Analisa Torres will be on the case until August 2025, and any settlement will require lengthy legal approval.

. Experts say the case could be resolved by May, but not as quickly as some investors expect.

Investing in XRP now is a gamble!

that’s why Van Code’s warning is clear: sudden price Buying XRP in hopes of a sharp rise is a risky endeavor. Many traders rush to buy XRP in anticipation of a sudden rise in XRP, but the price stays the same or even falls. This is known as the “buy the rumor, sell the news” trap.

There is still a lot of uncertainty surrounding XRP and its legal issues, so buying just before the event is a gamble. If things don’t go as expected, the price could fall and traders could lose money.

XRP is currently under downward pressure, trading around $2.33 after falling 8.5% . Prices recently tried to hold above $2.50 but failed, leading to a pullback.

key support level is currently at $2.20; if XRP fails to hold above this area, further losses towards $2.00 could occur.

On the other hand, a strong break above $2.50 could revive bullish momentum and push prices back towards $2.70 or even a retest of $3.00.