Dave Portnoy's XRP Price Prediction: Ready to Buy Again If It Drops Below $2.20

Name of Dave Portnoy, founder Barstool Sportswhich is also known to be active in the investment world, has again attracted the attention of crypto investors.

After selling all of his XRP holdings at $2.40 and watching the token surge to $3.60, Portnoy now says he's waiting for the right time to re-enter the market.

At the moment, XRP priceThe price is hovering around $2.34, with strong support at $2.296 and resistance at $2.61. Many traders consider this level a consolidation phase, a sign that the market is awaiting further direction, whether it will break out to the upside or briefly decline to resume its uptrend.

Portnoy said he was ready to buy backXRPif the price drops below $2.20, because he thinks that point is an attractive buying zone.

He even revealed during a Q&A session on the X platform that he “didn’t want to miss a second chance” like what happened earlier this year.

Portnoy's caution this time shows that despite the volatility of the crypto market, confidence in XRP remains strong, especially among bold investors like himself.

Read also: Ripple's $1B XRP Reserve: A New Strategy That Could Trigger a "Supply Shock" in the Crypto Market

XRP in Consolidation Phase: Hidden Opportunities Amid Market Pressure

The last few weeks,XRP price dropsmore than 30% from its peak. This pressure stems not only from the crypto market but also from global economic tensions, particularly after the United States announced 100% import tariffs on several key commodities.

However, amidst this pressure, XRP remains stable around the $2,296–$2.61 range. Analysts see this not as a sign of a crash, but rather an indication of accumulation, where large investors are preparing positions for a potential subsequent rally.

Signs XRP Is Ready to Rise

1. Prices are holding steady above key support.
    
2. Transaction volume increases when the price touches the lower area.
    
3. Technical indicators are starting to show positive movement.

For investors like Portnoy, this phase is often seen as a golden opportunity. He is known for boldly taking large positions during market downturns, seizing the moment before prices rise again.

Read also:XRP Price Prediction Update: Will It Break $3 Amid Surge in Market Volume?

Analysts' View: Potential for a Downturn Before a Major Rally

Global technical analysts also highlight XRP's price structure, which currently looks more like a healthy consolidation than a real decline.

One of the well-known analysts, CasiTrades, explained that XRP is forming a “Wave 4” pattern, a correction phase before the next wave of increase.

According to him, if XRP corrects again, the $1.46 to $1.35 zone will become a key support area. From there, the market has the potential to form a new impulse wave that could push the price towards $6.50 to $10 in the medium term.

In other words, while there are still short-term downside risks, many expect XRP to be gearing up for its next major bull cycle.

The $2.61 level is a key point; if it is successfully broken, buying interest could increase rapidly and drive bullish momentum.

Read also:XRP Ledger: A Complete Guide to Its Functions, Validators, and How to Use It

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Bittime offers a multi-layered security system, a user-friendly interface, and 24/7 customer support to ensure transactions run smoothly.

This platform is suitable for investors who want to diversify their portfolio between assets such as XRP, Bitcoin, and Ethereum, while monitoring real-time prices.

Read also:XRP Asset Owners: Who Are the Largest Owners and How Will They Be Distributed in 2025?

Conclusion: Portnoy Ready to Take a Second Chance, XRP Still Interesting to Watch

From the latest movements and Dave Portnoy's comments, it can be concluded thatXRP still has huge potentialin the next few months.

The current price stability around $2.34 indicates the market is awaiting a new direction. If the price breaks above $2.61, the potential for a rally could be wide open. However, if it falls below $2.20, it could become...attractive shopping zone, just as Portnoy had been waiting for.

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FAQ

Who is Dave Portnoy and why do his comments matter to XRP?

Dave Portnoy, the founder of Barstool Sports, is known as an active investor. His opinions often influence market sentiment due to his significant social media influence.

What is Dave Portnoy's XRP price prediction?

Portnoy plans to buy back XRP if it falls below $2.20, as he considers that level to be an ideal buy point.

What is the current technical condition of XRP?

XRP is between the $2,296 support and $2.61 resistance levels, signaling a consolidation phase before the next major move.

Can XRP rise to $6.50 as analysts predict?

According to some analysts, if the current correction is over, XRP has the potential to head towards the $6.50 to $10 area in the medium term.

Where is the best place to buy and store XRP?

You can use a secure platform slikeI'm done, Whichoffers trusted crypto asset trading and storage features.