Portnoy Sets $1.40 Exit Target for XRP Amid Horse Auction Needs

Barstool Sports founder Dave Portnoy has set a specific exit target for XRP, planning to sell at $1.40 in order to fund his horse auction purchases.

He needs the cash to participate in the Saratoga Sales and Cleveland thoroughbred auctions in August, citing 'practical' terms rather than speculation about XRP's potential return to historic highs.

The businessman has been vocal about his struggles with cryptocurrency losses, stating at one point that his portfolio was down between $3 million and $5 million. He jokingly suggested the community should pay him to exit his positions in order to stimulate market growth.