Portnoy Misses XRP 50% Rally After Him Sell for $2.40, Smart Move
Dave Portnoy, di Barstool Sports founder, sell im XRP for $2.40 two weeks ago, but e watch as di token climb over 50% reach record high pass $3.60. Now, XRP dey trade near $3.40, up 25% inside seven days and get market cap wey pass $200 billion. Portnoy blame one tip-off, him fear say Circle USDC fit compete, like how e comot from GREED meme coin before. Di rally dey pushed by US crypto law, especially GENIUS Act wey support Ripple’s RLUSD stablecoin, plus di chance say executive order go open $9 trillion retirement market for digital assets. Institutional demand dey rise: open interest for XRP perpetual futures reach record $8.8 billion. Dis story show how XRP get big wahala for volatility and di emotional challenges wey retail traders dey face for top regulatory changes and rising market momentum.
Bullish
News dey bullish for XRP: regulatory clarity from GENIUS Act and possible executive orders dey give strong long-term catalysts, plus rising institutional demand—wey dem show for record open interest of $8.8 billion—support short-term price momentum. Retail traders FOMO plus broader market optimism fit make XRP spikes strong well. But high volatility still dey, so make person get discipline for entry and exit strategy.