Millionaire Patrick Bet-David buys XRP: Should you buy the dip?

As the crypto market dips, millionaire Patrick Bet-David buys XRP. Discover his strategy and decide if you should buy the dip too!

Written by Charles Ledoux

Translated on February 8, 2026 at 10:34 by Simon Dumoulin

XRP et Bitcoin coin sur un fond jaune avec des billets dollars

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A Market “Bloodbath”: Billions Wiped Out in Just Days

The cryptocurrency market is experiencing major turbulence. Within just a few weeks, the global market cap has melted away, erasing billions of dollars in value. Bitcoin (BTC), the sector’s locomotive, has suffered a severe correction, dropping below $64,000, far from its all-time high (ATH) from late 2025 that nearly touched $126,000. This brutal drop is dragging down the majority of altcoins with it, plunging the market into a palpable bearish atmosphere.

Liquidations are cascading across trading platforms, affecting both retail traders and overexposed institutions. Macroeconomic uncertainty and fears of a prolonged “crypto winter” are pushing many holders to capitulate. Yet it’s precisely in this context of extreme fear that certain whales and savvy investors decide to take action.

PBD’s Strategy: Accumulate When Fear Reigns

True to his reputation, Patrick Bet-David (PBD) isn’t giving in to panic. In a recent statement, the investor confirmed he’s taken advantage of this massive retracement to accumulate more XRP and Bitcoin. His logic follows the “Dollar Cost Averaging” (DCA) approach: smoothing out his entry price by buying progressively during dips.

He specifically mentioned buying Bitcoin while it was trading in the “high 70s, 80s” ($70,000 – $80,000) range, anticipating a long-term rebound. For PBD, these violent market movements are rare opportunities for disciplined investors. By strengthening his position in XRP, which is currently trading around $1.42, he’s reiterating his confidence in Ripple’s token utility for cross-border payments, despite the current volatility.

Can XRP and Bitcoin Bounce Back This Week?

With Bitcoin testing critical support levels and XRP attempting to maintain its level above the dollar, the coming week will be decisive. If institutional buyers follow Patrick Bet-David’s example and defend these key levels, a technical bounce could surprise short sellers.

However, if selling pressure persists, the market could seek liquidity even lower. For investors like PBD, the short-term direction doesn’t matter: the goal remains fundamental valuation over several years. It remains to be seen whether the XRP bet at $1.4 will prove winning against the regulatory and economic uncertainties still looming over 2026.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.