Dave Portnoy Plans to Reinvest in XRP Amid Price Fluctuations
Barstool Sports founder Dave Portnoy has announced his intention to reinvest in XRP, having sold his holdings earlier this year before the altcoin reached its all-time high. Portnoy has specified the price level he is monitoring for a potential repurchase.
Portnoy's Strategy for XRP Reinvestment
In a recent post on X, Portnoy shared his plan to buy XRP if it falls below $2.20, a move he described as going 'bonkers.' This announcement came during a Q&A session where a follower inquired about his current XRP holdings.
Portnoy admitted to not having repurchased XRP since his initial sale at $2.40, prior to its ascent to a record $3.60. He expressed regret over missing the opportunity for substantial gains, as XRP has since declined over 32% in the past 90 days.
Market Influences and Price Predictions
The recent decline in XRP's value has coincided with escalating U.S.-China trade tensions, affecting various cryptocurrencies, including Bitcoin. Notably, XRP dipped below the $2.20 threshold following Trump's tariff announcement on China.
Future Projections for XRP
Crypto analyst CasiTrades predicts a further decline in XRP prices below $2.20, with a possible retest of the .618 retracement around $1.46 or even the golden pocket near $1.35. She suggests that this is a likely scenario for the next downward wave, given the alignment of various technical indicators.
🚨XRP Pauses After the Chaos. Wave 5 or the Start of A New Trend? 🚨
After last Friday’s massive wipeout, the market rebounded nicely, but is now stalling… This is to be expected after such an extreme move. In EWT, this kind of pause is a Wave 4. The market consolidates and… pic.twitter.com/9qYzyQ2r3T
— CasiTrades 🔥 (@CasiTrades) October 16, 2025
The analyst noted the market's recovery following a $19 billion liquidation event, though it currently shows signs of consolidation. CasiTrades describes this as a Wave 4 scenario, with the market preparing for a final impulse wave.
She anticipates a significant reversal for XRP if it achieves the Wave 5 extension, targeting a potential rise to between $6.50 and $10. This scenario presents a 'silver lining' in the current market turbulence, suggesting a shift from a shallow Wave 4 to a deeper macro Wave 2, potentially setting the stage for a powerful market impulse.