Coach JV Publicly DCA Buys XRP Dip as Price Falls to ~$1.11
Popular crypto commentator Coach JV disclosed two public dollar-cost-averaged (DCA) purchases of XRP during a market sell-off as the token slid to about $1.11. First disclosed at 12:18 UTC, JV showed a $2,000 XRP buy (1,443.77 XRP) alongside $2,000 in BTC and $1,000 in WLFI, implying an entry near $1.38. He posted a second buy at 16:47 UTC adding $1,000 in XRP (764 XRP) plus smaller BTC and WLFI purchases. JV framed the moves as transparency and a DCA strategy, arguing gradual accumulation reduces regret versus lump-sum buys during declines. XRP was trading down ~26% over 24 hours and ~32% over seven days, a sharp pullback from recent highs (~$3.66 in July). Some community members questioned the relatively small position sizes given JV’s public profile, suggesting he may expect further downside. JV defended the approach, noting prior buys that were later outperformed by lower prices and stressing buying both on the way down and up. The disclosure highlights how prominent traders use DCA in volatile conditions; the article includes a standard disclaimer that it is informational, not financial advice.
Neutral
Coach JV’s public DCA buys are a notable signal of confidence from a well-known commentator but are unlikely to move the market materially by themselves. The purchases disclosed were relatively small retail-sized amounts (roughly $1,000–$2,000 per buy for XRP), which reduces immediate liquidity impact. Short-term, such disclosures can support sentiment among followers and may encourage small-scale dip buying, potentially adding brief buying pressure on XRP. However, the token showed a steep pullback (≈26% 24h, ≈32% 7d) from recent highs, indicating widespread selling pressure and elevated volatility that a few small buys cannot reverse. Historically, public buys by influencers can produce short-lived price upticks if widely copied, but lasting trend changes require larger capital flows, positive on-chain metrics, or macro catalysts. For traders: expect continued volatility and range-bound action until clearer support is established or significant buying volume appears. DCA messaging may encourage retail accumulation and reduce panic selling, but risk of further downside remains if macro/sector sentiment worsens or large holders sell. Therefore the net market impact is neutral — minor short-term bullish sentiment mixed with dominant bearish price pressure.