The tailor is preparing to accumulate XRP: considers $1.75 as a strategic entry point

Founder of the media company Barstool Sports, Dave Portnoy, is actively monitoring XRP price movements, expecting a possible drop to the $1.75 level to expand his position. Currently, XRP is trading at $2.05, down 2.04% over the past 24 hours, keeping the asset in a range near recent lows. Such price levels remain in the focus of an active speculator known for decisive operations in the crypto market.

Wave of speculative trading and emotional reversals

Portnoy has repeatedly demonstrated that his interest in XRP is not based on fundamental analysis of the technology, but solely on market impulse and trend-following sentiment. This approach has been reflected in his changing stance throughout the year.

At the beginning of the year, he publicly expressed confidence in the token’s potential, accompanied by bold statements and active engagement with the retail trader community. However, in the fall, his optimism sharply shifted to pessimism. In June, Portnoy closed his position near the $2.40 level, securing around $3 million in profit, but almost immediately after, he began criticizing his decision. XRP quickly surged to $3.65, leaving him disappointed over the missed opportunity.

Return and reallocation of bets

Following the overall decline in the crypto market, Portnoy re-entered a position, allocating about $1 million across a diversified portfolio of XRP, Bitcoin, and Ethereum. His current XRP position has an average price of approximately $2.14, indicating a return to active involvement in the token after a previous phase of doubt.

As the XRP price continues to remain under pressure, Portnoy considers the $1.75 level an attractive opportunity for more aggressive accumulation or averaging down his entry price. His statements about potential actions if this level is reached suggest readiness to significantly expand his exposure if the market provides the necessary correction.

Nature of speculation and market reactions

Portnoy’s trading style has repeatedly been criticized for its emotionality and impulsiveness, but his public reputation continues to attract media attention and retail traders. Every statement he makes regarding XRP generates discussions and influences short-term market sentiment, despite remaining his personal investment opinion.

The current price of $2.05 remains above the discussed threshold of $1.75, but the proximity of these levels and market volatility make reaching this mark quite feasible in the short term.