Portnoy Still Bets on XRP: Here's His New Strategic Entry Level

Dave Portnoy keeps making headlines in the crypto world. The well-known trader and founder of Barstool Sports has revealed his action plan once again in case XRP were to drop further. If the asset hits $1.75, Portnoy would not hesitate to double or triple his invested capital in the token, seeing this price as a golden opportunity to reduce his average entry cost.

Currently, XRP is trading around $2.04, slightly above the level Portnoy recently considered. The token has experienced significant fluctuations in recent days, touching an intraday low of about $1.77 before climbing back up, according to CoinGecko data.

A turbulent 2025 with highs and lows

Last year was anything but linear for Portnoy and his relationship with XRP. His approach to the token has been characterized by twists and sudden strategy shifts. During market euphoria peaks, he publicly embraced XRP with enthusiastic statements. But when sentiment changed, he also shifted accordingly.

At the beginning of summer, Portnoy completely liquidated his position around $2.40, realizing profits but also missing subsequent opportunities. Shortly after that sale, XRP exploded to $3.65, and the trader publicly admitted he had timed it wrong. He explained his exit as a reaction to regulatory concerns raised by collaborators regarding stablecoins and their effects on Ripple.

The comeback and new tactics

After a period of consolidation, Portnoy re-entered, buying XRP around $2.14 along with a stake in Bitcoin and Ethereum. This time, he framed the move not as a structural change but as a correction to his previous poor timing.

What clearly emerges from analyzing Portnoy’s behavior is that his XRP trading is not driven by considerations of the underlying technology or Ripple’s fundamentals. Instead, it follows market momentum and the psychological pressure of fear of missing out (FOMO). He himself has confessed to operating based on speculative opportunities rather than rational assessments.

Today, with XRP fluctuating below its late 2025 all-time highs, Portnoy remains vigilant. His stated target of $1.75 represents a significant entry point where he could dramatically increase his exposure to the token. Although his trading style continues to receive criticism for its tactical and often reactive nature, his moves capture market attention and influence retail sentiment.

As the crypto market remains volatile and uncertain, the next chapter of the Portnoy-XRP saga will depend on where the token finds its floor. Traders are closely watching these statements, not so much for investment advice but to interpret the psychological movements of an influential figure in the sector.