I was a 4 year XRP holder before selling since SEC sued Ripple, I didn't sell for any reason (I also was unexperienced back then) and I regret it. Before going further I've to say that despite all the hate around this coin I love XRP because it's a good project, it's fast and easy to predict which makes it a good profit source, you just don't have to marry the coin like I wrongly did for so much time. I also have to say I don't care about coin projects, I think very few will be used in the future, the rest are just things on which we invest with the only purpose to make money.
CURRENT SITUATION AND RISK: if you're reading this and you didn't sell before it's clearly too late to sell so I'm not gonna say "save what you can and let the ship sinks" because it'll be a bad advice. I think XRP have reached a strong support level on which bounced already, in order to break downward it'll take worse news than "SEC sued ripple" because that one has already exhausted its dumping effect. So, I think that in the short period there are no risk XRP will dump toward the 0.13$ support.
FUTURE ACTIONS I don't know how much this lawsuit will take to be over, anyway in my opinion there are two cases scenario here:
1) SEC wins the lawsuit: in this case Ripple is over but this is a good occasion to short sell XRP. In case you'll be into XRP in loss and SEC will win I would sell even at loss in order to avoid a larger loss;
2) in XRP wins I'd suggest you all to jump in ASAP because it'll skyrocket and probably break 3 resistances in no time.
Both cases justify whoever decided to sell before the collapse since with the money obtained they can go either way at the end of this story.
CURRENT SITUATION AND RISK: if you're reading this and you didn't sell before it's clearly too late to sell so I'm not gonna say "save what you can and let the ship sinks" because it'll be a bad advice. I think XRP have reached a strong support level on which bounced already, in order to break downward it'll take worse news than "SEC sued ripple" because that one has already exhausted its dumping effect. So, I think that in the short period there are no risk XRP will dump toward the 0.13$ support.
FUTURE ACTIONS I don't know how much this lawsuit will take to be over, anyway in my opinion there are two cases scenario here:
1) SEC wins the lawsuit: in this case Ripple is over but this is a good occasion to short sell XRP. In case you'll be into XRP in loss and SEC will win I would sell even at loss in order to avoid a larger loss;
2) in XRP wins I'd suggest you all to jump in ASAP because it'll skyrocket and probably break 3 resistances in no time.
Both cases justify whoever decided to sell before the collapse since with the money obtained they can go either way at the end of this story.