Trader Says AI-Focused Altcoin Gearing Up for Big Breakout, Updates Outlook on XRP, Stellar and Fantom

A widely followed crypto strategist says he has his eye on one low-cap altcoin that he believes is setting up for a move to the upside. Trader Michaël van de Poppe tells his 661,000 Twitter followers that the decentralized machine learning network Fetch.

Timeline of Fantom, Stellar, Xrp

Ripple's CEO, Brad Garlinghouse, has strongly criticized the U.S. Securities and Exchange Commission (SEC) after the regulator expressed its intentions to appeal a recent court ruling. The ruling had declared that XRP sales to retail traders were not considered securities, but the SEC's move for a “review” has raised concerns of prolonged legal battles.

The number of large whales on the XRP Ledger ($XRP), defined as wallet holders that have at least 100 million tokens worth of the cryptocurrency, has recently swelled to 199, reaching its highest point in nearly three months.

According to renowned crypto lawyer John Deaton, an appeal of the recent Ripple court decision by the U.S. Securities and Exchange Commission (SEC) would not adversely affect XRP holders.

Ripple's CEO Brad Garlinghouse blasted the SEC, accusing it of creating a “mess” by declaring itself the “cop on the crypto beat when it had no legal jurisdiction.” Ripple CEO Brad Garlinghouse took to Twitter today to defend Judge Torres' recent decision, which declared that Ripple's sale of its XRP token did not constitute a sale of securities.

The United States Securities and Exchange Commission's (SEC) defeat in the Ripple case, where US District Judge Analisa Torres ruled in favor of the firm's XRP sales, has sparked intense debate.

Ripple Labs, a leading player in the blockchain industry, has joined forces with SUPER HOW?, a research and development firm based in Northern Europe, to undertake a series of groundbreaking experiments centered on crypto assets and central bank digital currencies (CBDCs).

In an eye-catching revelation from CoinShares, XRP has reaffirmed its dominance in the world of cryptocurrency-focused investment products, experiencing an extraordinary surge in inflows. Over the past week alone, XRP's value soared by an impressive $2.6 million, marking a significant milestone for the digital asset in 2023.

Elon Musk's decision to change his Twitter handle to “X” is getting responses from all over. Twitter owner and Tesla CEO Elon Musk revealed a new Twitter logo as part of a platform revamp over the weekend, choosing a “minimalist art deco” X.

There is massive gloom in the broader digital currency ecosystem as many altcoins that had recorded positive rallies since the start of the month are now falling off the wagon. XRP is one of these coins as it is changing hands at the time of writing at a price of $0.6912, down by 6.87% over the past 24 hours.

The recent court ruling in the Ripple Labs and SEC case has prompted Bank of America to reiterate its differentiation between the trading of blockchain-native crypto tokens and tokenized traditional assets.