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,…
