Dave Portnoy’s XRP Dip Buy Pays Off; Celebrates Success in ‘Blood in the Streets’ Moment

Crypto trader and media personality Dave Portnoy celebrates a profitable XRP investment, claiming he wouldn’t have missed out on this recent market dip. He entered the fray during last week’s steep decline, accumulating $1 million worth of XRP just as the coin plummeted to an all-time low of $1.83. Now, his position is turning profitable as XRP rebounds sharply, returning to positive territory for the week with a 2.33% gain in the past 24 hours. This turnaround comes after Portnoy’s bold move during last week’s market crash, when he executed rapid buys of $500,000 XRP at 6:36 PM followed by Bitcoin and Ethereum purchases shortly thereafter. His actions quickly turned a $1 million XRP position into positive territory. Portnoy was quick to highlight this opportunity as too obvious to ignore in a post on X that included the quote, “Imagine Not Buying the Dip—Couldn’t Be Me,”. The ongoing market rally appears to validate his decision. Meanwhile, XRP continues its resurgence after earlier price drops. The asset has surged by over 7% in the past 24 hours and is now trading at $2.21. Notably, the recent XRP rally follows a broader market rebound fueled by Bitcoin’s re-entry into the $89K range. Further boosting the momentum for XRP are ongoing ETF launches, including Grayscale and Franklin Templeton’s debut of XRP ETFs yesterday. Portnoy’s latest XRP success comes after earlier missteps with the asset in February, when he sold nearly $3 million worth of XRP at a potentially suboptimal price point, only to see it surge to $3.65 shortly after. This time around, his accumulation and subsequent profit contrast significantly with his earlier experiences, demonstrating a newfound resolve not to repeat past mistakes.