David Scott Portnoy, the founder of popular sports and culture company Barstool Sports, has captured the attention of the broader crypto community with an illustration of XRP.
Portnoy, widely followed by 3.4 million X users, shared a GIF of XRP going to the moon. EToro, a social and multi-asset trading platform, originally designed this GIF. Interestingly, Portnoy shared the GIF via his X handle, depicting XRP’s rise ‘to the moon.’
According to the gif, XRP’s mascot was seen taking off like a rocket and heading toward the moon. For context, the phrase or illustration of an asset like XRP ‘going to the moon’ signals a conviction that its price will witness a dramatic spike.
Although Portnoy shared the gif yesterday, it has attracted over 860,000 views, with over 10,000 X users liking it.
Portnoy’s XRP Holdings
Notably, Portnoy is no stranger to the XRP community. Last year, the Barstool Sports founder attracted the attention of XRP enthusiasts after he revealed his XRP holdings. Speaking at his ‘Davey Day Trader Global’ live stream, Portney said he owns about $1.3 million worth of XRP.
After this disclosure, XRP community members declared Portnoy an “official XRP Army Member.”
BREAKING: 🇺🇸 @Barstoolsports Founder Dave Portnoy States He Owns $1.3 million In $XRP!
He Goes On Discuss The Launch Of Ripple Stablecoin $RLUSD & Ripple CEO @bgarlinghouse! @stoolpresidente is officially an XRP ARMY Member!
Comment Below & Follow For More!!👇👇… pic.twitter.com/4kOTx2bNR6
— Good Morning Crypto (@AbsGMCrypto) December 17, 2024
XRP Recent Performance
Meanwhile, Portnoy’s tweet about XRP coincides with the asset’s latest surge, which saw it cross the $3 mark yesterday. Notably, XRP hit the $3 price territory for the first time since 2018. It subsequently rose to $3.39 before retracing below $3.20.
At press time, XRP is trading at $3.25, up 7.69% over the past 24 hours. XRP’s market cap has also witnessed a similar surge, soaring to a new peak at $188.48 billion.
The coin began its uptrend in November after Donald Trump emerged victorious in the 2024 presidential election. With the latest comeback, XRP has risen by over 510% since then, soaring from lows around $0.49 to over $3.
This uptrend comes amid speculation that the incoming administration might dismiss the legal tussle between Ripple and the SEC. Ripple execs, including CLO Stuart Alderoty, have shared several updates about this, hinting at a potential dismissal of the lawsuit.
Consequently, several XRP proponents, like Portnoy, believe XRP is heading to the moon, highlighting the coin’s potential rise to unprecedented levels.
Analyst Predicts New Targets for XRP
Meanwhile, prominent crypto expert Steph referred to XRP’s positioning above the $2.9 mark as a strong bullish signal. Consequently, Steph set two targets for XRP: conservative and bullish.
For the conservative target, Steph expects XRP to soar to $5, marking a surge of 62.86% from the current price. However, he issued a bullish prediction of $14.18 for XRP, reflecting a surge of 361.88% from the current price of $3.07.
#XRP holding above $2,90 is extremely bullish
Conservative price target: $5
Bullish price target: $14 pic.twitter.com/deam6cl2HV— STEPH IS CRYPTO (@Steph_iscrypto) January 16, 2025
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