Investors are eagerly waiting to see the outcome of the U.S. SEC's lawsuit against Ripple, as it could result in potential price movements for XRP. However, software engineer Vincent Van Code urges caution, comparing purchasing XRP before the SEC meeting to gambling due to the volatility and uncertainty surrounding the event. While some believe the recent closed-door meeting suggests a possible settlement, Van Code suggests it is more likely that legal proceedings will continue. The SEC's case against Ripple is more complex compared to other cases, as Ripple is facing a $125 million penalty, and court approval is required for any negotiations or settlements. Van Code advises against treating the situation as a gamble. However, another perspective suggests that buying XRP as a long-term investment could be a good move, taking advantage of the current price window. The debate centers on short-term traders looking to "pump and dump" versus long-term holders.
Content Editor ( thecryptobasic.com )
- 2025-03-08
Expert Says Buying XRP Before SEC Settlement News to Catch a Pump is Gambling
