The post Beware! Experts Warn Against XRP Hype as Ripple vs. SEC Ruling Nears appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may finally be reaching its conclusion. A closed-door SEC meeting on March 6 has sparked speculation that a major decision could be just around the corner, with some experts predicting a verdict as early as “today or tomorrow.”
But is this really the moment XRP investors have been waiting for?
While many believe the SEC is preparing to settle, not everyone is convinced. A closer look at the situation reveals that things may not be as simple as they seem.
Investors Warned: Don’t Buy on Hype
As excitement builds, software engineer Vincent Van Code has cautioned investors against buying XRP in hopes of a quick profit. He warned that making trading decisions based on rumors is risky and could lead to losses.
While many expect a major SEC decision on XRP, Van Code believes this might not be the case. Although the recent meeting has raised speculation, the situation remains complex.
In recent weeks, the SEC has dropped lawsuits against other crypto firms, leading some to believe Ripple could be next. However, Van Code explains that Ripple’s case is different—it has already gone through court, and the SEC is pushing for a $125 million penalty.
Judge Analisa Torres will oversee the case until August 2025. This means that even if a settlement is in progress, it must go through legal approvals, which could take time. While some experts suggest the case might be resolved by May, it may not happen as quickly as some investors hope.
The “Buy the Rumor, Sell the News” Trap
Van Code warns that buying XRP in hopes of an immediate price surge is risky. Many traders jump in expecting a big rally, only to see the price stay the same or drop. This common market pattern is known as the “buy the rumor, sell the news” trap.
With uncertainty still surrounding XRP’s legal battle, buying before an official decision is a gamble. If the outcome isn’t what traders expect, prices could fall, leading to losses.
XRP Price Outlook: Key Levels to Watch
XRP is currently under pressure, trading around $2.33 after an 8.5% decline. The price recently tried to stay above $2.50 but failed, leading to a pullback.
- Support Level: $2.20—If XRP drops below this, it could fall further toward $2.00.
- Resistance Level: $2.50—A strong push above this could bring back bullish momentum, with targets at $2.70 and possibly $3.00.
With uncertainty still in play, investors should be cautious and avoid making impulsive trades based on speculation.
The battle may be nearing its end, but for XRP, the real fight—against volatility and speculation—is far from over.
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