XRP’s Bullish Surge: Dave Portnoy’s Missed Opportunity Highlights Crypto’s Volatility and Potential

Internet personality Dave Portnoy's premature exit from XRP at $2.40 has become a cautionary tale in the crypto community, as the digital asset surged to a yearly high of $3.66 shortly after his sale. This article explores the implications of his decision, the current bullish momentum of XRP, and what this means for investors moving forward.

XRP News: Dave Portnoy's Premature Exit Sparks Crypto Community Reaction

Internet personality Dave Portnoy faces widespread scrutiny after revealing he sold his XRP holdings at $2.40, just weeks before the cryptocurrency surged to a yearly high of $3.66. The Barstool Sports founder's decision, influenced by a friend's advice, cost him millions in unrealized gains as XRP continues its bullish momentum.

Ripple Labs' associated digital asset has gained 19.61% in the past 24 hours alone, nearing its 2018 all-time high of $3.84. Market observers note the timing of Portnoy's exit as particularly unfortunate, with the token showing no signs of slowing its upward trajectory.

The incident has reignited discussions about the volatility of cryptocurrency markets and the risks of relying on third-party advice for trading decisions. Portnoy's public expression of regret has drawn both sympathy and criticism from the crypto community.

XRP Forms Bullish Cup and Handle, Breaks $3.50—Is $4.80 Next?

XRP has surged past the $3.00 neckline, confirming a bullish cup and handle pattern with a target of $4.80. Trading volume spiked 60.32% to $47.62 billion, reflecting robust market participation. Open interest ROSE 13.99% to $11.07 billion, underscoring heightened speculative activity. A positive funding rate of +0.0524% further signals bullish sentiment.

The cup formation began in February 2025, with the handle completing in early July. The breakout validates the technical setup, often a precursor to sustained upward momentum. XRP now trades comfortably above key exponential moving averages, reinforcing the strength of the current trend.

XRP Hits New All-Time High at $3.45 as GENIUS Act and Whale Activity Drive Historic Rally

XRP surged to a record $3.45 on July 17, 2025, propelled by regulatory tailwinds and aggressive accumulation by large holders. The digital asset's market capitalization now exceeds $190 billion, cementing its position as a top-tier cryptocurrency.

Legislative progress on the GENIUS Act provided the catalyst for breaking the $3.00 barrier. The proposed stablecoin framework directly benefits Ripple's ecosystem, removing a longstanding regulatory overhang that had constrained price action.

Whale activity reached unprecedented levels during the rally, with blockchain data showing concentrated buying from institutional-sized wallets. This accumulation pattern mirrors previous breakout movements in blue-chip crypto assets.

Technical indicators now flash overbought signals across multiple timeframes. The relative strength index (RSI) on daily charts approaches 80, suggesting potential near-term consolidation despite the bullish fundamentals.

Trump Signs GENIUS Act Into Law, Establishing First Federal Crypto Regulations

President Donald Trump has signed the GENIUS Act into law, marking the first federal regulatory framework for digital assets and stablecoins in the United States. The legislation mandates strict reserve requirements for stablecoin issuers like Tether and Ripple, compelling them to maintain 100% asset-backed reserves to ensure market stability and consumer protection.

The bill passed the House with overwhelming bipartisan support, securing 308 votes. Two companion bills—the CLARITY Act and Anti-CBDC Act—remain pending Senate approval, which would complete the U.S. regulatory framework for cryptocurrencies. TRUMP hailed the GENIUS Act as a strategic victory, positioning the U.S. ahead of China and Europe in crypto innovation.

Ripple’s XRP Breaks 2018 Record After Trump’s Historic Crypto Law

Ripple Labs CEO Brad Garlinghouse hailed a "historic day for crypto" as XRP surged to a new all-time high of $3.65, eclipsing its January 2018 peak. The rally followed U.S. President Donald Trump's signing of the Genius Act, legislation poised to redefine regulatory frameworks for the $250 billion stablecoin market.

Garlinghouse, celebrating remotely, underscored the event's significance for the crypto industry. Ripple's Chief Legal Officer Stuart Alderoty attended the WHITE House ceremony, while the CEO noted the Trump family's reported $2 billion crypto gains—signaling deepening ties between political leadership and digital assets.

The Genius Act marks a watershed moment for cryptocurrency regulation, with immediate market impact visible in XRP's record-breaking performance. This legislative shift comes amid growing institutional recognition of digital assets as a legitimate asset class.

Is XRP a Good Investment in 2025?

XRP has surged 23.6% in the past week, peaking at $3.65 amid reduced regulatory pressure and growing adoption. Pro-XRP figures like attorney John Deaton and crypto veteran Michael Arrington attribute the rally to the resolution of Ripple's legal battle with the SEC, which had suppressed the token's potential for nearly four years.

The token's price action tells a compelling story: after hovering between $2.14 and $2.35 earlier this month, XRP broke out with a 48.54% climb to $3.43. Monthly gains stand at 59.1%, while the quarterly chart shows a 64.8% increase—clear evidence of sustained bullish momentum.

Market observers suggest this could mark the beginning of XRP's long-delayed era. The SEC's 2020 lawsuit alleging XRP was an unregistered security created persistent headwinds until a 2023 court ruling partially vindicated Ripple. The March 2025 settlement appears to have removed a critical barrier to institutional adoption.