The media personality admitted he’s been tracking the altcoin closely and plans to buy back in if its price drops below $2.20.

Portnoy made the comment during an X Q&A, saying he’d “go bonkers” if XRP hit that level. It’s a number that stings for him: he sold his entire position at $2.40 in July, just before the token spiked to a record $3.60.

Market Weakness Draws His Attention

Since peaking, XRP has fallen more than 30% over the past three months, dragged down by wider market losses and trade tensions between Washington and Beijing. The 100% tariffs announced by President Donald Trump pushed risk assets sharply lower, briefly knocking XRP below the same price Portnoy is now watching.

Analysts Expect One More Drop Before Recovery

Technical analyst CasiTrades believes XRP could still dip further before any real rebound begins. She identified key retracement zones around $1.46 and $1.35 as potential areas of support and said the recent pause looks like a typical “Wave 4” consolidation.

READ MORE:

U.S. Bank Troubles Return – And Bitcoin May Be the First to Sense What’s Coming

According to her projections, XRP’s next leg higher could reach as much as $6.50-$10 once this correction ends. She described the current structure as “a setup for one of the strongest impulses in the cycle,” turning short-term weakness into a long-term opportunity.

Waiting for the Second Chance

For Portnoy, the latest pullback might offer redemption after his mistimed exit earlier this year. Whether he makes a move this time remains to be seen—but he’s watching closely, and so is the market.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Dave Portnoy Eyes XRP Dip After Missing Its Rally appeared first on Coindoo.