Ripple’s CTO Shares Bullish Ethereum Statement, What About XRP?

These questions prompted Schwartz to emphasize crypto utility over speculation, highlighting the emotional side of crypto price movements and their impact on traders.

Schwartz explained that while he celebrated Ethereums massive price resurgence, he is generally excited about broad price rallies due to the emotional toll losses can have on people.

When asked further about his opinion on XRP‘s price outlook, the Ripple executive disclosed his uncertainty about the extent to which prices should rise before they are considered “right.” Schwartz noted that price surges often don’t correlate with positive developments like solving real-world problems.

XRP achieves $3 breakout

The massive rally experienced across the crypto market in recent days has seen XRP achieve a major breakthrough, breaking out of a symmetrical triangle and finally reaching the $3 mark after about four months.

Analysts have predicted that XRPs recent breakout from the symmetrical triangle pattern—one it has frequented since 2018—could trigger a continued upward trajectory for the third-largest cryptocurrency by market capitalization.

This has raised investor optimism, with a massive $4 level in view for the leading altcoin. Nonetheless, the rapid price surge that saw the token reclaim $3 during the early hours of Monday has sparked increased interest from both retail and institutional investors.