Barstool Sports activities founder Dave Portnoy has revealed plans to purchase XRP once more after promoting earlier within the yr, simply earlier than the altcoin reached a brand new all-time excessive (ATH). He additionally talked about the worth stage that he’s for the altcoin to dip to earlier than he makes one other buy.
Dave Portnoy Says He Will Purchase XRP When This Occurs
In an X submit, the Barstool founder mentioned he’ll go ‘bonkers’ if the altcoin dips under $2.20, indicating plans to purchase it on that dip. This got here throughout a Q&A on X when a follower requested him if he had purchased XRP once more since he final offered all of it.
Portnoy responded that he hadn’t purchased since then, however that he has been checking the worth “each 5 seconds” and plans to take action if it dips under $2.20. As CoinGape reported, the Barstool founder revealed in July earlier this yr that he offered the altcoin at $2.40, simply earlier than it rose to a brand new all-time excessive (ATH) of $3.60.
He made the revelation remorsefully again then, stating that he wished to “cry,” contemplating that he would have made thousands and thousands. Nonetheless, since then, XRP has been on a downtrend, down over 32% within the final 90 days.
The newest crash for the XRP has come amid the rising commerce tensions between the U.S. and China, with different crypto property, together with Bitcoin, additionally on the decline. Notably, the altcoin dipped under the $2.20 stage Dave Portnoy talked about final week, after Trump introduced 100% tariffs on China.
One other Dip Beneath $2.2 Nonetheless Possible
Crypto analyst CasiTrades indicated that the XRP worth is prone to drop under $2.2 quickly. She acknowledged {that a} retest of the .618 retracement round $1.46 and even the golden pocket close to $1.35 is “very potential” for the following wave down, as these ranges are the place a number of technicals align.
🚨XRP Pauses After the Chaos. Wave 5 or the Begin of A New Development? 🚨
After final Friday’s large wipeout, the market rebounded properly, however is now stalling… That is to be anticipated after such an excessive transfer. In EWT, this sort of pause is a Wave 4. The market consolidates and… pic.twitter.com/9qYzyQ2r3T
— CasiTrades 🔥 (@CasiTrades) October 16, 2025
The analyst had earlier famous how the market had rebounded properly after final Friday’s $19 billion liquidation occasion, however is now stalling. She defined that that is to be anticipated after such a pointy transfer to the draw back. CasiTrades additional described this sort of pause as a Wave 4, with the market consolidating and making ready for the ultimate wave of the impulse.
She then talked about that XRP may stage a large reversal if its worth targets the Wave 5 extension, macro golden retraces, and Wave 2 goal. CasiTrades claimed that this might doubtlessly begin the long-awaited wave that may ship the altcoin to between $6.50 and $10.
The analyst added that that is “the silver lining in all this chaos.” She defined that whereas the crash was devastating, it might have shifted the depend from a shallow Wave 4 to a deeper macro Wave 2, which “units up for essentially the most highly effective impulse within the cycle.”
