Barstool Sports Inventor Says XRP Will Skyrocket

David Scott Portnoy, the founder of Barstool Sports, has once again stirred discussions within the cryptocurrency community by sharing a GIF centered on XRP. The post, shared on his X account (formerly Twitter), portrays XRP as a token primed for significant growth.

The GIF, created by eToro, a multi-asset trading platform, illustrates XRP’s mascot propelling toward the moon. This imagery aligns with the widespread belief in crypto that an asset described as “going to the moon” is expected to experience a substantial price increase.

Portnoy’s post has garnered significant attention, amassing over a million views and more than 12,000 likes since it was published. With a following of over 3 million on X, Portnoy’s influence in sparking discussions on XRP’s potential has not gone unnoticed.

Portnoy’s Involvement with XRP

Portnoy’s engagement with XRP dates back to last year when he revealed his investment in the token. During a live stream for his “Davey Day Trader Global” series, he disclosed owning approximately $1.3 million worth of XRP. This announcement was warmly received by the XRP community, with individuals like Abs from Good Morning Crypto referring to him as an “official XRP Army Member.”

XRP’s Market Performance

Portnoy’s recent post coincides with a notable rally in XRP’s price. The cryptocurrency surpassed the $3 mark yesterday, a milestone it last achieved in 2018. XRP climbed to a high of $3.39 before stabilizing below $3.20.

At the time of writing, XRP is valued at $3.28 reflecting a 1.40% increase in the past 24 hours. The asset’s market capitalization has also surged, reaching $188.7 billion.

XRP’s remarkable performance can be traced back to November, following Donald Trump’s victory in the 2024 U.S. presidential election. Since then, XRP has gained over 500%, rising from approximately $0.49 to its current levels.

Market speculation suggests the incoming administration might intervene in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Ripple’s Chief Legal Officer Stuart Alderoty has shared updates hinting at the possibility of the lawsuit’s dismissal, fueling optimism among investors.

The renewed confidence in XRP, amplified by figures like Portnoy, underscores the growing belief in the token’s potential for long-term gains. As legal uncertainties surrounding Ripple’s case with the SEC appear closer to resolution, market sentiment continues to strengthen.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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