• XRP saw a notable derivatives shift as a whale closed a $1.1M short near $1.98 without triggering volatility.
• Price remained range-bound, holding above $1.92 support while failing to break the $1.95 resistance level.
• Relative strength versus BTC stayed positive, yet dollar-based pricing showed limited directional change.

A large derivatives transaction placed XRP at the center of market attention during the session. Data showed a whale account closing a $1.1 million short position near $1.98. This activity appeared as XRP traded close to recent highs, while broader price action remained constrained. 

The timing coincided with narrow intraday movement and limited volatility. As a result, market focus shifted toward positioning changes rather than price expansion. This context frames the latest XRP price behavior and its surrounding structure.

Whale Short Closure Recorded Near Intraday Highs

It is important to note that on-chain derivatives data recorded the short closure at around $1.9792. The deal was notable in terms of size and timing. In the meantime, XRP was trading at approximately $1.95. This placed spot pricing slightly below the reported close level. 

However, the market did not show a sharp reaction. Instead, prices stayed within the established 24-hour range. This continuity kept trading conditions technically orderly. As attention turned forward, traders monitored how positioning adjustments aligned with nearby price levels.

Price Metrics Show Limited Downside Movement

After the whale activity, XRP recorded a daily decrease of 0.3%. The token was trading at $1.95 which is equivalent to the high limit of the daily resistance level. Meanwhile, the BTC pair was at 0.00002189 BTC, which equates to 1.0 percent relative growth. Bitcoin was used as the reference asset in this comparison.. However, dollar-based pricing remained slightly lower. This divergence kept the overall

 direction unchanged. Consequently, price behavior stayed consistent with earlier session patterns. This stability directed focus toward structural levels rather than momentum.

Support and Resistance Define Short-Term Structure

As trading progressed, XRP continued to respect well-defined boundaries. Support held at $1.92, while resistance capped movement at $1.95. Price fluctuations remained compressed between these levels. Additionally, the 24-hour range stayed intact throughout the session. This setup limited volatility and reinforced controlled market behavior. 

Meanwhile, relative positioning against Ethereum did not alter the dollar trend. Therefore, market activity stayed anchored to short-term structure. Future price behavior remained dependent on continued interaction with these same levels.

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