CTO’s Praise for ETH: A Tale of Two Cryptos 🤷‍♂️

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Key Takeaways

Ripple’s CTO David Schwartz praised Ethereum’s latest price rally. For its part though, XRP remains a strong contender with rising investor confidence and technical support.

The crypto market, a realm where fortunes are made and lost in the blink of an eye, has once again been seized by a fresh wave of enthusiasm. Many major digital assets have recorded impressive gains, fueling a sense of optimism that is as intoxicating as it is fleeting. 🍷

Among the standout performers, Ethereum’s [ETH] recent surge past the $3,000-threshold has drawn particular attention, including from Ripple’s CTO, David Schwartz. A man of few words, yet each one dripping with the weight of a thousand market cap fluctuations.

A lot of praise for Ethereum

In a recent post on X (formerly Twitter), Schwartz openly celebrated Ethereum’s breakout. He highlighted his excitement, despite XRP also hitting a notable milestone by climbing to a four-month high of $3. One might say, it’s a tale of two cryptos, each vying for the spotlight in their own unique way. 🌟

Schwartz said,

“It’s nice to see ETH over $3,000 again.”

While it came as a bit of a surprise that Schwartz praised Ethereum over XRP, the reaction from the crypto community was as predictable as the sunrise. 🌅

Community reactions

Many were quick to weigh in, with some applauding his unbiased perspective, while others questioned his focus given XRP’s own impressive rally. The internet, after all, is a place where everyone is an expert, and no one is ever wrong. 🤷‍♂️

“How about $XRP crossing $3.”

To the same, Schwartz added,

“I always feel good when prices are high because I hate to think that people are losing money. But I’m truly not sure how much focus on price is the right amount, especially since price doesn’t seem to correlate very much with other good things like solving real-world problems.”

What does the price action tell us?

At the time of writing, Ethereum was trading at $3,053.80, according to CoinMarketCap. On the contrary, XRP was valued at $2.91 following a 2.58% dip over the last 24 hours. A small setback, perhaps, but one that does little to dampen the spirits of its loyal followers. 🌱

Commenting on Ethereum’s performance, Milk Road highlighted,

Echoing similar sentiments, another X user added,

“This is the chart of ETHBTC, and it looks primed for a run. ETH is about to break free from the BTC prison.”

And yet, despite the short-term pullback on the charts, the community remains confident in XRP’s potential. As one user on X noted,

What’s ahead for XRP and ETH?

At press time, XRP’s technical indicators seemed to paint a mixed but intriguing picture. With its RSI positioned above the neutral line, bullish strength appeared particularly dominant. However, its placement in the overbought zone suggested that the recent pullback may extend further. 📈

Meanwhile, rising funding rates and a steady XRP/ETH rebound signaled that both strategic and speculative investors have been engaged lately. If this momentum continues, XRP could be setting the stage for a move reminiscent of Q1, during which it managed to outperform Ethereum in a surprising twist. 🌠

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2025-07-16 08:45