Dave Portnoy, founder of Barstool Sports, has set a target to sell his XRP at $1.40, well below the $2 many investors are hoping for. The horse racing enthusiast explained he needs cash to participate in the Saratoga Sales and Cleveland horse auctions in August, unable to wait for a hypothetical move to $2. His cryptocurrency portfolio hit a low point with losses between $3 and $5 million. Technically, the $1.40 target aligns with the 200-day moving average, a major resistance level that XRP has repeatedly failed to break through this year. XRP is currently trading around $1.10.
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