Bears have retaken control of Ripple in a major retracement move to the downside.
Despite the heavy volume on the 13th of March, prices were unable to hold above the first and second resistance zones near .8200. Prices are now due to fall lower under heavy buying pressure supported by strong volume.
Ripple’s price flies in the face of some positive developments for the cryptocurrency. The coin recently announced that developer, Xpring, would invest $100 million into the blockchain gaming industry.
Ripple’s press release mentioned that it would work to settle transactions across different blockchain protocols.