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Dave Portnoy’s XRP Strategy Returns as Token Climbs Past $2
Dave Portnoy is back in the crypto spotlight, hinting in a recent social media post that he may scoop up another XRP dip. The move comes shortly after Portnoy revealed he had purchased $1 million worth of XRP, along with additional buys of Bitcoin (BTC) and Ethereum (ETH).
Portnoy Revisits XRP After Dramatic Price Drop
Portnoy’s latest comments follow XRP’s sharp decline, where the token came dangerously close to breaking below the $2 level. According to earlier disclosures, Portnoy does not approach crypto as a long-term investor. Instead, he tends to “bet and set it,” placing sizable positions and letting them sit rather than actively trading.
Earlier this year, he purchased a large amount of XRP but eventually sold around $2.40 amid concerns over competition from Circle/USDC. His timing proved costly—XRP rallied 60% after he exited his position. Portnoy later said the surge made him want to “cry,” publicly expressing regret for selling too early.
XRP Rebounds as ETF Hype Lifts Market
XRP has since staged a comeback. The token is now trading at $2.24, gaining more than 8% in the past 24 hours. Momentum has been fueled by growing ETF excitement, following multiple major launches that have energized large-cap cryptocurrencies.
This renewed interest appears to be drawing Portnoy back in, as he hints that another XRP entry may be on the horizon—especially if the market offers an attractive dip.
A Familiar Pattern for Portnoy
Portnoy’s approach remains consistent: aggressive buys, quick exits, and plenty of public commentary in between. Whether his next potential move into XRP will mirror past decisions—or deliver a different outcome—remains to be seen, but the Barstool founder continues to keep the crypto world watching closely.
