XRP price remains under pressure as market-wide bearish momentum weighs on major cryptocurrencies. Despite a brief relief rally, XRP’s attempt to regain higher levels faced strong resistance, signaling uncertainty among traders.

Bitcoin’s slump below its 20-day exponential moving average sparked concern across crypto markets. Analysts warn that further downside could push XRP closer to its next major support zone. On August 17, XRP failed to surpass the 50-day moving average, revealing subdued buying activity. This lack of momentum increases the chances of a deep pullback, possibly down to $0.41, where buyers previously stepped in during late July.

If XRP finds support at this level, it may stabilize and ignite a fresh upward movement. However, failure to hold $0.41 could expose it to further losses, with the next significant support near $0.38. Market watchers are closely observing Bitcoin’s trajectory, as it often dictates sentiment across altcoins like XRP.

The broader crypto market is also struggling under macroeconomic pressures. The S&P 500 Index declined for four consecutive days, reflecting investor caution. Meanwhile, the U.S. Dollar Index (DXY) has strengthened, putting risk assets like cryptocurrencies under additional stress. These developments have intensified selling pressure among altcoins, which typically exhibit higher volatility than Bitcoin.

Despite the pullback, XRP’s long-term market structure remains intact—so long as it holds above the critical support levels mentioned. For bullish traders, watching how XRP behaves near the crucial 200-day moving average is essential. A decisive rebound with increased volume could indicate growing interest from institutional players, especially given Ripple’s ongoing efforts to expand its payment corridor partnerships worldwide.

Technical indicators suggest that sellers are currently in control. Both the relative strength index (RSI) and moving averages highlight weak momentum, and the inability to regain former resistance levels reinforces short-term bearish cues. For XRP to regain bullish momentum, it would need to close above $0.52, flipping a key resistance into support.

Until then, XRP traders should remain cautious and look for confirmation signals before entering long positions. Volatility, driven by macroeconomic shifts and regulatory uncertainties, could still play a pivotal role in shaping XRP’s next major move.

XRP Faces Crucial Test as Market Sentiment Shifts

In summary, XRP’s price trajectory in the coming days hinges on its ability to maintain support around $0.41. A breakdown may trigger a decline toward $0.38, but a strong defense at current levels could set the stage for recovery. As crypto markets continue to digest broader economic signals, XRP holders need to monitor market reactions closely and anticipate possible price swings.

XRP is nearing a crucial support level as selling pressure increases.

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

For those invested in XRP or following Ripple’s impact on the crypto ecosystem, the coming days will be essential in determining whether the bulls can stave off further declines—or whether a break below support could shift momentum decisively in favor of the bears.