Dave Portnoy, the founder of Barstool Sports, recently said he sold his XRP holdings at $2.40 two weeks before the digital asset hit a new all-time high of $3.66. According to Portnoy, he sold because the person who told him to buy the digital asset suggested it had peaked and was unlikely to go up further due to competition from Circle.
In his July 18 post on X, Portnoy, a high-profile stock trader, claimed exiting early deprived him of the opportunity to make millions of dollars as XRP had since then risen by more than 60%. As reported by Bitcoin.com news, XRP matched and surged past its previous all-time high of $3.40 on July 17, to cement its position as the third-largest digital asset by market capitalization. Since then, XRP treated and has largely traded above $3.40, an indication it may be preparing for another uptrend.
