• A whale closed a $2.04 million XRP long at $2.038, aligning closely with the $2.04 resistance level.
• XRP trades at $2.01, sitting directly on its defined support after a 1.5% daily decline.
• Price remains confined between $2.01 support and $2.04 resistance following the large position exit.

A large XRP derivatives position drew attention after a whale closed a $2.04 million long at $2.038, according to the shared data. The move occurred as XRP traded near short-term equilibrium, keeping price action tightly bound. At the time of reporting, XRP was trading at $2.01, reflecting a 1.5% decline over 24 hours. This activity redirected focus toward immediate levels that now define market behavior during the current session.

Whale Exit Defines XRP’s Narrow Trading Range Between Key Levels

Notably, the whale closed the long position near the session’s upper boundary at $2.038. This exit aligned closely with the listed resistance level at $2.04. As price failed to extend beyond that zone, XRP rotated lower toward support. However, price held at $2.01, which matches the defined support level. This alignment places both entry and exit activity within a compressed range. Consequently, attention shifted toward how price responds around these same boundaries in subsequent trading.

Currently, XRP trades directly on its $2.01 support level, reinforcing its importance. However, resistance at $2.04 continues to cap upside attempts. The range of 24 hours was small, as the price was controlled after the exit of the whales. In the meantime, XRP was trading at 0.00002236 BTC against a 0.6% change compared with the latter. This relative action gives more of a background but price action is pegged to U.S dollar levels. Having these indicators in place, the structure is well spelt out and highly monitored.

Whale Exit Highlights Critical XRP Levels

Importantly, the whale’s exit price and the resistance level share near-identical values, anchoring focus on $2.04. Holding above $2.01 keeps price within the established range, while movement below would shift the structure. Conversely, reclaiming $2.04 would reopen the upper boundary already tested. These outcomes reflect level-based market mechanics rather than directional bias. As trading continues, market participants track these zones due to their repeated interaction with price. Each movement remains connected to the same reference points established by the whale activity and current support alignment.

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