• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

XRP price surges 14%

June 24, 2022
in Crypto News
Reading Time: 2 mins read
A A
0
XRP price surges 14%
0
SHARES
9
VIEWS
ShareShareShareShareShare

XRP price has surged by 13.26% to hit a daily high of $0.3847 today. Although the coin had pulled back from the daily high to trade at $0.3729 at the time of writing, all pointers showed that the bull pressure was still on.

Today’s price surge comes as a relief for Ripple cryptocurrency, which has been battling a prolonged court battle against the US Securities and Exchange Commission (SEC).

It is the first time XRP is trading above $0.35 for the past two weeks.

Why is the XRP price rising?

Yesterday, June 23, the XRP Labs, the team behind RippleNet and XRP cryptocurrency, announced the launch of the Pro Beta version of Ripple’s main wallet, Xumm.

Xumm Pro Beta is LIVE! 🚀🚨

You can now get access to the Xumm Pro Beta. Get early access to Pro features while supporting @XRPLLabs & @XummWallet #getxummpro

What you get right now? You’ll receive incoming push notifications for transactions & trades. pic.twitter.com/GSHZoy4l8j

— Xumm Wallet (@XummWallet) June 23, 2022

To start with, Xumm will only be available through paid subscription using Ripple’s native token XRP.

Once the Beta testing is completed, Ripple Labs is expected to launch Xumm Pro, which will have full functionality and subscribers will only have to switch to Xumm Pro from their wallet to use it.

Xumm Pro Beta features

Xumm Wallet features several innovations including the ability to split the wallet’s funds into two accounts: spending and saving, the opportunity to claim a free Tangem card, which is a kind of “cold” device for storing cryptocurrency, access to premium technical support, and the ability to buy XRP using Euros, through an on-ramp/off-ramp solution.

Ripple however clarifies that anyone wanting to use the Xumm Wallet will be required to go through a  know-your-customer (KYC) procedure, a requirement that is however optional in the Beta testing.

Rippe Labs innovations

Despite the hard times, Ripple Labs has been rolling various innovations including the XRP Ledger. However, the deployment of the Xuum Wallet is expected to drive the XRP price higher over the coming days.

The Xumm Wallet adds to the number of innovations that Ripple investors are expected to freely enjoy especially when the litigation by the US SEC comes to an end.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Cardano founder steals the show at Congressional hearing on crypto regulation

Next Post

Stocks rise as indexes head for weekly gains

Related Posts

Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain
Crypto News

Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain

August 12, 2022
5
MEXC Activated the Investor Protection Fund After DMA Hack, Launches Potion Airdrop
Crypto News

MEXC Activated the Investor Protection Fund After DMA Hack, Launches Potion Airdrop

August 12, 2022
5
Bitcoin (BTC) shows divergence from the U.S. stock market performance
Crypto News

BlackRock launches spot Bitcoin private trust after Coinbase deal

August 12, 2022
7
Buying Uniglo.io (GLO), Ethereum Classic (ETC…
Crypto News

Buying Uniglo.io (GLO), Ethereum Classic (ETC…

August 11, 2022
5
Top cryptocurrencies likely to rally in the week
Crypto News

Top cryptocurrencies likely to rally in the week

August 11, 2022
6
Next Post
Stocks rise as indexes head for weekly gains

Stocks rise as indexes head for weekly gains

Recommended

MicroStrategy Stocks Soared 15% After Michael Saylor Stepped Down as CEO

MicroStrategy Stocks Soared 15% After Michael Saylor Stepped Down as CEO

August 5, 2022
7
Apple may release M2 14-inch and 16-inch MacBook Pros as early as this fall

Apple may release M2 14-inch and 16-inch MacBook Pros as early as this fall

July 18, 2022
6
Iran executes first official import settlement worth $10 million in cryptocurrencies

Iran executes first official import settlement worth $10 million in cryptocurrencies

August 10, 2022
6
Shiba Inu flashes a bear signal as correction gets underway – What next?

Shiba Inu flashes a bear signal as correction gets underway – What next?

July 24, 2022
4
The Newest Millionaire-Maker Token Just Arrived! Invest in Uniglo (GLO) Which Could Follow the Path of Dogecoin (DOGE) and Shiba Inu (SHIB)

The Newest Millionaire-Maker Token Just Arrived! Invest in Uniglo (GLO) Which Could Follow the Path of Dogecoin (DOGE) and Shiba Inu (SHIB)

July 23, 2022
7
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Broadridge Financial Solutions Q4 Preview: Another EPS Beat Inbound?
  • 3 restaurant stocks to buy with gas prices tanking
  • Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?