- Ripple CTO celebrates Ethereum’s $3K comeback, sparks community reaction.
- Schwartz praises Ethereum’s surge, overlooks XRP’s price milestone completely.
- Ethereum breaks $3K, Ripple CTO’s comment draws mixed XRP responses.
Ripple’s Chief Technology Officer, David Schwartz, has sparked debate among XRP holders after expressing excitement about Ethereum’s price performance while avoiding direct comments on XRP’s recent rally and subsequent dip.
In a recent post on X (formerly Twitter), Schwartz wrote, “It’s nice to see ETH over $3,000 again,” as Ethereum broke above a significant psychological level.
However, Schwartz made no mention of XRP despite the token hitting a significant milestone around the same time: crossing the $3 mark for the first time in four months. His silence on XRP did not go unnoticed by community members.
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When Dom Kwok, co-founder of EasyA, responded to Schwartz’s post asking, “How about $XRP crossing $3,” the Ripple executive provided a more general take on price activity. “I always feel good when prices are high because I hate to think that people are losing money,” Schwartz replied.
He added, “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.”
XRP’s Brief Surge to $3 Followed by Price Dip
On the same day as Schwartz’s post, XRP experienced a strong rally, briefly touching $3 before losing momentum. According to market data from CoinMarketCap, the XRP reached a high of $3.01 before retracing to $2.85, marking a 3.29 percent decline in 24 hours.
Despite the pullback, XRP maintained a substantial 24-hour trading volume of $11.66 billion, up over 23 percent, showing continued market interest.
The price action represented a breakout of a relative symmetrical triangle that XRP had been forming since 2018. Analysts perceived the breakout as a possible indicator of successful gains, and the projections indicated a potential break to the $4 level.
Nevertheless, the speedy rectification has dialed down expectations in the short term.
At the moment, XRP has a market capitalization of $168.65 billion, the third-largest market cap of all cryptocurrencies. Even after the recent correction, investors remain long-term optimistic about XRP.
David Schwartz’s celebration of Ethereum’s performance while staying quiet on XRP’s $3 breakout has led to renewed discussions within the community. As XRP retraces to $2.85 following its brief surge, traders are watching closely for signs of continued momentum or further consolidation.
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