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 has been seeing a fresh wave of enthusiasm lately, with many major digital assets recording impressive gains and fueling optimism among investors.
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 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.
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 predictable.
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.
“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.
Commenting on Ethereum’s performance, Milk Road highlighted,
Source: Milk Road/X
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,
Source: Steph is crypto/X
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.
Source: Trading View
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.
