Expert Says Buying XRP Before SEC Settlement News to Catch a Pump is Gambling

As anticipation builds around the U.S. SEC dropping the Ripple lawsuit, many investors are eyeing XRP in hopes of capitalizing on potential price movements. However, software engineer Vincent Van Code has issued a word of caution to those considering jumping into the market. In a recent tweet, Van Code compared purchasing XRP just before the SEC meeting to gambling. He warned that the volatility and uncertainty surrounding the event make it a risky strategy. SEC Meeting and Ripple Settlement Outlook Notably, the meeting in question was the closed-door session the SEC held yesterday. The agency has routinely held closed-door meetings on Thursdays. However, XRP community members have always interpreted the meetings as discussions surrounding an impending settlement in the Ripple case. The argument for the most recent session gains weight as the SEC has been dropping cases against other crypto businesses over the past few weeks, with many eagerly awaiting Ripple's turn. In his commentary, Van Code highlighted the possibility that the case could be dismissed but suggested that it was more likely that the legal proceedings would continue. He pointed out that the situation is less about the SEC's choice and more about the legal processes surrounding the Ripple case. Experts have explained that the U.S. SEC is taking longer to resolve its case against Ripple due to its procedural complexity. Unlike Coinbase, which had no final court ruling, Ripple is facing a $125 million penalty, and Judge Torres retains jurisdiction over the case until August 2025. The SEC must address this penalty before dismissing the case, and any negotiations or settlements require court approval, adding legal hurdles. Notably, legal experts suggest the case could wrap up by May, though unexpected events may influence the timeline. Don't Gamble with XRP News For XRP investors hoping to profit from any "pump" in XRP's value ahead of the SEC announcement, Van Code stressed that it is important to approach the situation with caution. Rather than viewing the potential outcome as an investment opportunity, he advised against treating it as a gamble. "Buying XRP just before the supposed SEC meeting to catch it pumping is GAMBLING," he said. "Don't gamble." Meanwhile, X user Bodhi Karma presented a different perspective. Karma suggested that if investors are buying XRP to hold it long-term, it's not a bad move to take advantage of the current price window. https://twitter.com/Bodhi_Karma_/status/1897763529278562684 He added that while short-term traders looking to "pump and dump" are indeed gambling, holding onto XRP for the long haul isn't risky.