HomeCrypto NewsMarketDave Portnoy Says If XRP Falls to $1.75, He Would Jump in With Both Feet

Dave Portnoy Says If XRP Falls to $1.75, He Would Jump in With Both Feet

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Media personality Dave Portnoy is once again keeping a close eye on XRP as bearish pressure returns to the crypto market.

Specifically, the Barstool Sports founder has teased another buy after XRP slipped toward levels that previously caught his attention.

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XRP is currently trading at $1.84, down 9.61% over the past week. During the latest sell-off, the token briefly dropped to $1.77 before rebounding slightly.

The pullback comes amid the global market downturn, with Bitcoin’s price dipping to $84,000. XRP’s decline has brought key psychological levels back into focus, particularly the $1.75 zone.

Portnoy Shows Interest Near $1.75

Reacting to the drop, Portnoy posted on X that if XRP hits $1.75, he may “have to jump in with both feet.”

The comment immediately drew attention, given Portnoy’s recent history with XRP. Just days ago, he celebrated a profitable rebound after buying $1 million worth of XRP during a sharp dip.

His latest remark suggests he is once again prepared to act aggressively if XRP revisits deeper lows.

Familiar “Buy the Dip” Playbook

Portnoy has repeatedly described major drawdowns as opportunities rather than risks. In November, he referred to market panic as a “blood in the streets” moment and executed rapid purchases across XRP, Bitcoin, and Ethereum within minutes.

That strategy initially went underwater when XRP fell to $1.83, reducing the value of his XRP position to around $860,000. However, a rebound above $2 later made the trade profitable, reinforcing his high-conviction approach.

With his latest tweet, this mindset remains intact, with $1.75 now emerging as his next potential trigger level.

XRP Volatility Rekindles Old Lessons

Portnoy’s renewed interest also follows earlier regrets tied to XRP. Earlier this year, he panic-sold roughly $3 million worth of XRP at around $2.40, only to see the price rally sharply afterward. He later admitted the decision made him “sick” and vowed not to repeat the same mistake.

Against this backdrop, his latest comment suggests a more patient stance, waiting for discounts rather than reacting emotionally.

Market Watchers React

Meanwhile, Portnoy’s plan to buy XRP has drawn disapproving responses from other market watchers. For instance, widely followed crypto commentator IncomeSharks remarked that crypto prices often drop when Portnoy enters the market, urging him to “Please stop.”

Another influencer, Sergio, shared a similar sentiment, saying Portnoy is “bad for the community.”

Bitcoin advocate Wendy O interpreted Portnoy’s post as a bearish signal, predicting XRP could drop to $0.67. Several others echoed similar warnings, suggesting XRP may not fully recover and could “go to zero.”

Despite the bearish sentiment, XRP supporters view the current prices as an opportunity, believing the coin could be worth much more in the months and years ahead.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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