Market Data and Technical Indicators

XRP closed the session at $2.98, reflecting a modest intraday rebound. However, this recovery does little to alter the overall weak market structure. The dip below the key $3.00 psychological threshold signals a short-term bearish outlook, and although the late-session recovery provides some relief, it underscores continued market sensitivity and volatility.

Throughout the trading day, the $2.94 support level was repeatedly tested, with substantial buying pressure helping to hold this critical floor. The subsequent rebound to $2.98 suggests temporary stabilization, yet technical analysis identifies the $3.02–$3.05 zone as a major resistance barrier. Without renewed bullish momentum, the prevailing selling pressure may persist in the near term.

Institutional Participation and Future Outlook

In a significant institutional development, Maxwell Stein, Director of Digital Assets at BlackRock, has confirmed his participation in the upcoming Ripple Swell 2025 conference. While XRP has faced recent price pressures, Stein’s involvement is viewed as a positive signal of sustained institutional interest.

Market analysts interpret this move as a potential precursor to new investment products or strategic partnerships involving XRP. Stein’s presence at Swell 2025 may mark a step toward deepening institutional engagement and future collaboration within the digital asset space.