Recent comments from Ripple’s CTO, David Schwartz, have drawn attention from the cryptocurrency community after his praise for Ethereum’s growth, while ignoring XRP’s recent rise.
David Schwartz's Comments on Market Situation
David Schwartz praised the rise of Ethereum, which recently surpassed an important psychological level of $3000. In a post on X, he remarked, 'It's nice to see ETH over $3,000 again.' However, he did not mention the recent rise of XRP, which was also experiencing significant movements in the market.
Brief Surge of XRP to $3
On the same day as Schwartz’s post, XRP reached a peak of $3.01 but quickly lost momentum, retracing to $2.85, marking a 3.29% decline within 24 hours. Despite this pullback, XRP maintained a trading volume of $11.66 billion, up over 23% from the previous day.
Community Reaction and Expectations
The community's reaction to Schwartz’s silence on XRP was mixed. One participant, Dom Kwok, asked, 'What about $XRP crossing $3?' Schwartz responded that he always feels good when prices are high because he hates to see people losing money. He also mentioned that it’s not always clear how much focus should be placed on price, as it does not always correlate with solving real-world problems.
David Schwartz’s remarks about Ethereum’s growth and the neglect of XRP’s $3 achievement have caught the community’s attention. Despite the current retracement of XRP, many investors remain long-term optimistic.
