Exchange Balances Fall While Transfers Climb

At the start of the week, XRP Ledger saw significant activity. Transfers valued at $100,000 or more rose from 2,170 on Monday to 2,802 on Tuesday, marking a three-month high. This indicates active positioning by large investors and a potential for short-term price volatility. Analysts note that declining exchange balances reflect self-custody rather than panic selling.

According to Santiment, daily whale transfers are increasing noticeably. Separate data from CryptoOnchain show Binance’s XRP reserves fell to about 2.6 billion tokens, the lowest level since January 2024. Since late 2025, balances dropped from roughly 3.25 billion Ripple, usually reflecting holders moving coins off-exchange rather than preparing to sell.

Price Action and Technical Outlook

XRP was trading around $2.13 at the time of writing. The token briefly touched $2.40 earlier in the week before general market softening pushed it lower. Still, XRP is up about 16% over the past seven days and 14% in the last two weeks. Analysts highlight support near $2.27 as critical. Technical patterns in the XRP/BTC pairing suggest a relative strength setup unseen since 2018.

What It Means

Short-term price swings are likely, but rising whale transfers and falling exchange balances indicate positioning rather than panic. These dynamics suggest XRP may be preparing for wider price movements in the days ahead.

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Bitcoin is within a horizontal channel with a slight upward movement on the 4-hour chart. To break above this channel, Bitcoin needs to surpass the 27,400 level. Otherwise, if Bitcoin starts to break this channel downwards, closing below the 26,800 level, it might initiate further declines.

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The Latest Status of Cryptocurrencies

‣ Bitcoin (BTC) is trading at $27,048 with a 0.39% decrease for BTC/USD pair. Resistance levels for BTC are in the range of $26,800 – $28,200, while support levels are between $25,400 – $25,000.

‣ Ethereum (ETH) is trading at $1,620 with a 0.15% decrease for ETH/USDT pair. ETH’s resistance levels are in the range of $1,694 – $1,731, while support levels are between $1,550 – $1,465.

‣ Xrp (XRP) is trading at $0.509 with a 2.21% decrease for XRP/USD pair. XRP’s resistance levels are in the range of $0.53 – $0.55, while support levels are between $0.49 – $0.47.

‣ Yield Guild Games (YGG) is trading at $0.21 with a 7.10% decrease for YGG/USD pair. YGG’s resistance levels are in the range of $0.24 – $0.26, while support levels are between $0.20 – $0.18.

‣ WorldCoin (WLD) is trading at $1.44 with a 7.47% decrease for WLD/USD pair. WLD’s resistance levels are in the range of $1.60 – $1.81, while support levels are between $1.26 – $0.98.

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The post The Latest Status of Cryptocurrencies! – September 21 appeared first on Coin Engineer.

SEC Appeals Ripple Labs Case Ruling

The SEC’s interim appeal comes almost a month after Judge Analisa Torres issued her ruling. The United States Securities and Exchange Commission’s decision to challenge the court ruling from July in the Ripple Labs case was based on the determination that they did not consider the sale of XRP to retail investors as a security.

In a letter dated August 9th sent to Judge Analisa Torres, the SEC stated that it believes an appellate court should review the decision. During the appeals process, the SEC requested a suspension of the case and pointed out that the outcome of the appeal could affect several other court cases. The SEC has legal disputes with various cryptocurrency companies, including Binance and Coinbase, over alleged securities violations.

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The SEC justified the interim appeal based on two significant legal issues. Moreover, these issues involve complex legal questions and encompass a wide area with a range of diverse opinions. Furthermore, a jurisdictional split within the region had already starkly highlighted these differences. Therefore, the SEC firmly asked the court to confirm its decision that Ripple’s programmed XRP offerings and individual sales on cryptocurrency exchanges were not to be classified as securities. Additionally, the SEC mentioned the judge’s ruling in the Terraform Labs case, where the judge suggested that cryptocurrencies sold on crypto exchanges could be regarded as securities.

AND… the SEC continues making questionable decisions, requesting an interlocutory appeal.

Note that it is NOT appealing whether XRP itself is a security – just its losses on the programmatic and individual sales issues. https://t.co/GziVLp23mT

— Jeremy Hogan (@attorneyjeremy1) August 9, 2023

Recent Developments in Ripple’s Legal Battle with the SEC

The presentation of the SEC’s letter followed a recent period during which Ripple secured a partial victory in its dispute with the SEC over the security status of XRP. This development took place nearly a month ago. Judge Torres explicitly declared that the XRP token itself does not hold the classification of security. However, she clarified that they could consider the sale of XRP tokens as a security under specific circumstances, particularly when they target institutional investors, but not when they sell to retail investors on exchanges.

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