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.