In a recent video posted on X, Levi Rietveld from Crypto Crusaders addressed the claims of Barstool Sports founder Dave Portnoy regarding XRP. The exchange has refocused on Portnoy's involvement in cryptocurrency and his claim to be the leader of the XRP army.

Portnoy recently acknowledged that he no longer holds XRP. In a clip shared by Rietveld, Portnoy explained that he sold his held XRP at $2.40 after being advised by a third party, who expressed concerns about competition from Circle.

After selling, XRP surged to a new all-time high of $3.65, leaving Portnoy feeling regretful. 'It has risen 60% since I sold it, and I could have made millions. I want to cry, and I no longer own it,' Portnoy said.

Rietveld Rejects Portnoy's Leadership Claim

Rietveld, a respected voice in the XRP community, has openly criticized him. He dismissed Portnoy's self-proclaimed role as the 'leader' of XRP supporters, arguing that such a position is incompatible with selling during a critical phase.

Prominent XRP supporters have always advocated for holding this token, as its value far exceeds speculative trading. However, Portnoy's decision to sell shows he is not investing long-term like those who truly believe in XRP but is just looking for a quick profit.

Rietveld stated, 'You are not leading the XRP army if you sell at $2.40,' emphasizing the importance of conviction during a time when many factors are driving the price of this asset upward.

The Call to Hold Information

Rietveld also noted that Portnoy's decision was based on listening to individuals 'who don't know what they are talking about,' rather than focusing on the developments surrounding XRP. Rietveld mentioned the expected influx of capital into the trillion-dollar market and other positive factors that have solidified XRP's position in the market.

Portnoy's situation shows a significant challenge that investors face when navigating a volatile market. His admission of missing out on substantial profits reflects the common experience of traders reacting to external opinions rather than long-term fundamental factors.

Portnoy has never held any leadership position in the XRP army. Although he previously supported XRP, even calling it the next Bitcoin, his decision to sell so early raises questions about his so-called conviction.