Dave Portnoy Eyes XRP: Should You Buy Now?

Dave Portnoy, the outspoken founder of Barstool Sports, is watching XRP again after missing one of its strongest rallies earlier this year. 

The media personality has admitted that he has been monitoring the token’s price action closely, waiting for another opportunity to re-enter the market.

At the time of writing, XRP trades around $2.34, sitting between support at $2.296 and resistance at $2.61. These levels have formed a narrow range that has caught traders’ attention, as XRP appears to be consolidating before its next move.

Earlier this year, Portnoy sold his entire XRP position at $2.40, only to watch the token surge to $3.60 shortly after. That decision still haunts him, and now he has revealed that he is prepared to buy again if the price dips below $2.20, a level he considers an attractive entry point.

Read also: These Analysis States XRP Will Reach $5! Is It True?

Market Weakness Draws Portnoy’s Attention

XRP has declined by more than 30% from its recent peak, dragged down by a broader market slowdown and uncertainty surrounding global trade developments. 

The recent announcement of 100% tariffs on several key goods by the United States has added pressure across financial markets, sending risk assets lower.

Despite the correction, XRP has managed to stabilise near its current level, and the range between $2.296 and $2.61 has become a key technical zone for traders. 

For investors like Portnoy, this type of pause often signals opportunity. Known for his willingness to take bold positions, he told followers during a live Q&A on X that he is ready to act quickly if the token dips further.

Portnoy’s comments come at a time when market sentiment is split. Some traders are cautious, but others view the current phase as healthy consolidation before a potential rebound.

Read also: XRP Price Breakout Ahead? Can Ripple Retest $3

Analysts Expect One More Pullback Before a Rally

Technical analysts remain divided about XRP’s short-term direction, though many agree that the current structure suggests accumulation rather than a breakdown. 

Analyst CasiTrades believes the market is still forming what she calls a “Wave 4” pattern, a type of consolidation that usually comes before a stronger rally.

She has identified retracement zones near $1.46 and $1.35 as potential support areas if the market sees another leg down. In her analysis, this setup could prepare XRP for a new impulse wave that might lift it toward $6.50 or even $10 once the correction phase is complete.

For now, all eyes remain on the current price range. A clean move above $2.61 could encourage momentum traders to step in, while a drop below $2.20 could give Portnoy and other sidelined investors the chance they have been waiting for.

Read also: Ripple & the XRP ETF Race 2025

Start Trading XRP Securely on Bitrue

If you are following XRP’s movements and want a reliable place to trade, Bitrue provides a safe and efficient platform for buying, selling, and staking digital assets.

Bitrue offers a secure environment, fast transactions, and access to hundreds of cryptocurrencies including XRP, Bitcoin, and Ethereum. 

Through Bitrue Alpha, users can enjoy exclusive early listings, trading events, and investment opportunities designed for both beginners and experienced traders.

Here is how to start trading XRP on Bitrue:

1. Create an account: Register for free on the Bitrue website or mobile app.

2. Complete verification: Secure your profile to enable full trading access.

3. Access Bitrue Alpha: Tap the Alpha section on the homepage.

4. Search for XRP: Trade it directly with USDT pairs for quick and easy execution.

5. Monitor your performance: Keep track of holdings, staking rewards, and profit history through your Bitrue wallet.

Bitrue makes it simple to trade safely while providing the tools to manage risk and maximise returns in any market condition.

Read also: How to Access Bitrue Alpha on Bitrue App?

Conclusion

Dave Portnoy is once again watching XRP closely as it consolidates near $2.34. With strong support around $2.296 and resistance at $2.61, the token sits in a critical zone that could determine its next direction. 

Analysts remain optimistic that after a potential short-term dip, XRP may be preparing for a longer-term move upward.

For those looking to take advantage of the next price movement, Bitrue offers a trusted and secure platform to trade XRP and other leading digital assets. Sign up today and start exploring smarter investment opportunities with confidence.

FAQ

What price is Dave Portnoy watching for XRP?

He has said he would consider buying again if XRP drops below $2.20, seeing it as a strong accumulation level.

What are the key support and resistance levels for XRP?

XRP currently has support at $2.296 and resistance at $2.61, forming a short-term consolidation range.

What do analysts expect next for XRP?

Analysts expect one more pullback before a potential rally, with long-term targets ranging between $6.50 and $10.

Why is Dave Portnoy interested in XRP again?

He missed the last major rally after selling early and now sees the current dip as a possible second chance to re-enter.

How can I trade XRP safely?

You can trade XRP on Bitrue, a secure and user-friendly platform that offers a variety of trading and staking options for crypto investors.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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