Barstool Sports founder Dave Portnoy has stated that he is waiting for XRP, one of the top altcoins, to hit $1.75 before making a massive investment. 

The Ripple-linked token is currently changing hands at $1.87 after hitting an intraday low of $1.77, according to CoinGecko data. 

"Love-hate" relationship 

Portnoy has had a "love-hate" relationship with XRP this year. This relationship can be characterized by emotional trading, bad timing, and aggressive re-entries.

He admitted he didn't care about the technology or fundamentals. He bought purely out of FOMO (Fear Of Missing Out), calling himself the "leader of the XRP army" and comparing XRP's potential to early Bitcoin.

In June, he panic-sold his entire XRP holding (approx. $3 million worth) at around $2.40. A friend warned him that stablecoin regulation (specifically regarding Circle/USDC) could hurt Ripple.

Immediately after he sold, XRP surged to roughly $3.65. Portnoy publicly melted down, saying he "wanted to cry" and felt "sick" for missing out on millions in gains. 

You Might Also Like
Thu, 12/18/2025 - 05:24 XRP Double Top Warning Issued by Brandt ByAlex Dovbnya

This cemented his reputation in the crypto community for having "paper hands".

During a market crash, Portnoy bought $1 million worth of XRP (along with Bitcoin and Ethereum). He tweeted, "When there's blood in the streets, I'm like a Great White Shark."

Last night I bought $2,000,000 in crypto. When there’s blood in the streets I’m like a Great White Shark #DDTG pic.twitter.com/aKUXFoD4Xy

He bought back in around the $2.14 level, viewing the crash as an overreaction and a chance to get back in after his July mistake. 

Now that XRP has cooled off from its November levels (trading around $1.84), he is looking to average down or increase his position size significantly if it touches $1.75.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。