The XRP price is currently facing stiff resistance near the $0.50 mark, despite broader crypto market efforts to recover from recent downturns. XRP’s performance has mirrored the Bitcoin-led pressure gripping most altcoins, but technical indicators suggest a potential move could be brewing.

The S&P 500 Index (SPX) has continued its rebound, suggesting that investor risk appetite hasn’t completely faded. At the same time, the U.S. Dollar Index (DXY) hovers near multi-month highs, signalling renewed strength in the greenback. This has created a mixed environment for cryptocurrency prices, including XRP, with market participants treading cautiously.

XRP faces resistance with weakening bullish momentum

XRP attempted to reclaim ground around $0.50, forming a symmetrical triangle pattern. Typically, such patterns indicate uncertainty among traders, but they can precede sharp breakouts. A close above the triangle could push XRP towards the $0.56 level. However, to maintain that trend, bulls must defend the support zone near $0.46.

On the downside, a break below the triangle support risks triggering a retreat to the $0.41 level. If selling pressure intensifies, it could drag XRP all the way down to the crucial $0.39 support line.

Technical chart showing XRP nearing resistance amid symmetrical triangle formation.

The Relative Strength Index (RSI) has been hovering around the midpoint, suggesting neither bulls nor bears currently dominate. This aligns with a broader indecision observed in the crypto market, as investors weigh macroeconomic influences against potential technical rebounds.

Altcoins hint at recovery but uncertainty persists

Bitcoin continues to trade within a broad range, with bulls trying to push prices higher while bears aggressively sell rallies. This tug-of-war has spilled over into the altcoin sector, leaving assets like XRP, Solana (SOL), Dogecoin (DOGE), and Ethereum (ETH) trading within consolidative patterns.

Ripple’s token remains especially susceptible to overall market mood, as legal uncertainties continue to shroud its outlook. The company’s ongoing case with the SEC, although progressing, still weighs on investor confidence.

If investor sentiment continues to stabilize and Bitcoin reclaims key support levels, altcoins — including XRP — could experience upward momentum. Conversely, a sharp breakdown in Bitcoin’s price may result in mergers of crucial supports for many tokens.

Watch these key support and resistance levels

The primary resistance for XRP stands near $0.50. A successful breakout above may target $0.56, while continued rejection could open the path to $0.41 or even $0.39. Meanwhile, the $0.46 level acts as a near-term pivot that could determine whether bulls can maintain momentum or if bears seize further control.

Related: XRP Price: $12M Max Pain for Bears

Given the uncertain macro backdrop — strong dollar performance and stock market volatility — traders should expect choppy price movements in the near term. Risk management remains crucial, especially with XRP price consolidating in a compressed technical structure.