Render responsive image from media entity reference field

media_responsive_image.php

$image_field = $paragraph->get('field_image');
if (!$image_field->isEmpty()) {
  $image = $image_field->first()->getValue();
  $media = Media::load($image['target_id']);

  // Set display options.
  $display_options = [
    'label'    => 'hidden',
    'type'     => 'responsive_image',
    'settings' => [
      'responsive_image_style' => 'uip_section',
    ],
  ];
  $variables['content']['section_image'] = $media->get('field_media_image')->view($display_options);
}