XRP, a cryptocurrency, is facing significant challenges as its price continues to plummet below critical support levels. Despite a brief recovery attempt, the bears have dominated the market, pushing the price down to $0.4867. The downtrend is expected to continue, with the next support level at $0.4550.

To reverse this trend, XRP needs to break through the $0.500 resistance level, which would initiate a strong upward trend. However, overcoming the $0.5085 resistance level is crucial for a rally towards the $0.5250 resistance. Further gains depend on advancing towards the $0.550 resistance.

Technical analysis indicates that if XRP fails to surpass the $0.50 resistance area, a new downtrend may begin. The first support level is at $0.4865, followed by $0.4780. If these levels are broken, the price may retest the $0.450 support region. The hourly MACD and RSI indicators suggest ongoing selling pressure, making it essential for XRP to breach these support and resistance levels to determine its near-term performance.