Ripple CTO Cheers Ethereum Rally as XRP Hits $3 Milestone

The crypto market is witnessing renewed bullish momentum, with top tokens like Ethereum (ETH) and XRP posting impressive gains. Ethereum recently surged past the $3,000 mark on July 14, drawing praise from Ripple’s Chief Technology Officer David Schwartz. In a post on X (formerly Twitter), Schwartz expressed excitement over ETH’s price breakout, highlighting the emotional impact of market rallies on traders.

Interestingly, while XRP also reclaimed the $3 level—its highest in four months—Schwartz’s silence on XRP sparked debate within the XRP community. Many questioned his lack of commentary, especially given XRP’s breakout from a long-standing symmetrical triangle pattern dating back to 2018. Analysts view this technical move as a bullish indicator, with predictions suggesting XRP could soon target the $4 range.

Schwartz later clarified his stance, emphasizing that his interest lies more in crypto’s real-world utility than speculative price surges. He noted that sharp rallies, though emotionally satisfying, often lack correlation with fundamental progress. Still, his focus on Ethereum led some to question whether he sees ETH’s utility as more tangible than XRP’s.

Despite the mixed reactions, investor sentiment remains positive. XRP’s recent breakout has sparked increased interest from both retail and institutional players, further fueled by the broader crypto rally and Bitcoin’s record-setting momentum. With the total crypto market cap climbing and key altcoins gaining traction, the stage may be set for a continued bull run.

As Ethereum eyes $4,000 and XRP gains strength, traders are closely watching the next moves from Ripple and broader macroeconomic signals. For now, excitement is high, and the market’s emotional and financial stakes are rising in tandem.