Ripple's CTO Celebrates Ethereum Breakout, XRP Price Outlook Unclear

Ripple's CTO, David Schwartz, expressed excitement about Ethereum's price breakout, reclaiming $3,000. Despite XRP also reaching a 4-month high, Schwartz remained silent about XRP's performance. He emphasized the emotional side of crypto price movements and their impact on traders, but did not provide a specific opinion on XRP's price outlook. XRP has broken out of a symmetrical triangle and is predicted to continue its upward trajectory, with some analysts predicting a $4 level.

Ripple's CTO, David Schwartz, recently expressed excitement about Ethereum's price breakout, reclaiming $3,000. While Ethereum has surged over 15% in the past three days, driven by strong ETF and treasury inflows, Schwartz remained silent about XRP's performance. XRP, too, has reached a 4-month high, with some analysts predicting it could continue its upward trajectory.

Ethereum's price has been boosted by significant inflows from ETFs and treasury companies, with Ethereum surpassing $4 trillion in stablecoin transfer volume in Q2. The top altcoin has seen over a 6% gain in the past 24 hours, reaching a five-month high of $3,000. Analysts predict Ethereum could stretch its rally to $3,200, but a potential pullback to $2,500 support is also a possibility [2].

XRP, on the other hand, has been propelled by increased institutional activity and regulatory shifts. The altcoin has vaulted past the $2.90 resistance to hit a four-month high of $2.98, marking the seventh consecutive day of gains. Trading volume has spiked to 9.44 billion, indicating large players are behind the current momentum. Ripple's inclusion of XRP in Grayscale’s Digital Large Cap Fund and the potential approval of XRP spot ETFs have added to institutional confidence. Some analysts predict XRP could break its previous all-time high of $3.40 within weeks, with a potential price of $4.35 by the end of July [3].

Despite the positive outlook, XRP's price movement has been driven more by market dynamics and speculative interest than direct leadership commentary. Ripple's CTO, David Schwartz, has focused on technical improvements, leaving price speculation absent from leadership discussions. However, the altcoin's recent breakout from a symmetrical triangle suggests a bullish trend, with some analysts predicting a $4 level [1].

The crypto market's overall positive sentiment and expectations of crypto-friendly U.S. policy have also contributed to the rise in XRP prices. Bitcoin's surge to an all-time high above $122,000 and Ethereum's rally have further boosted investor appetite for altcoins. However, analysts caution that volume-driven moves and leveraged positions could trigger pullbacks. With the CPI data release and heightened market volatility expected in the coming days, price action could become more unpredictable [3].

In conclusion, while Ethereum's price breakout has been driven by strong ETF and treasury inflows, XRP's performance has been fueled by increased institutional activity and regulatory shifts. Both cryptocurrencies have seen significant price gains, with analysts predicting further upward movement for XRP. However, the crypto market's volatility and the potential for pullbacks should be closely monitored.

References:
[1] https://www.bitget.com/news/detail/12560604856047
[2] https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-tests-3-000-following-strong-etf-and-treasury-inflows-202507110107
[3] https://bravenewcoin.com/insights/xrp-price-prediction-xrp-hits-4-month-high-analysts-forecast-record-breaking-rally-beyond-ath