XRP Gets Impetus As $20M Treasury Announced, $10 In Sight?

Vertical farming technology firm Nature’s Miracle Holding on Wednesday said it will establish an up to $20 million corporate XRP treasury program.

This would be one of the first public companies to adopt XRP as a core reserve strategy. The coin’s price prediction of $10-$15 by many analysts and passing of the Genius Act could prompt many companies to adopt XRP treasury strategy.

Nature’s Miracle Launches $20 Million XRP Treasury Program

In a press release on July 23, Maine-based publicly listed Nature’s Miracle disclosed a decision to add XRP into its corporate treasury. The firm plans to hold up to $20 million XRP.

The company will use the recent equity financing from GHS Investments to purchase XRP and the remaining to working capital.

It declared this as long-term investment. The company also seeks staking XRP to generate yield, while contributing to and within the Ripple ecosystem.

This will also help create value for its shareholders. Moreover, Nature’s Miracle could increase its holdings in its corporate treasury further.

It will use options such as equity issuance, strategic placements, and structured financing instruments to raise funds.

James Li, CEO of Nature’s Miracle, believes more companies and institutional investors would announce crypto treasuries as President Donald Trump signed the GENIUS Act. Besides, the stablecoin law will benefit Ripple’s institutional-grade RLUSD stablecoin.

Nature’s Miracle Stock Soars Over 160%

After the U.S. Securities and Exchange Commission (SEC) announced dropping the lawsuit against Ripple, many companies adopted XRP treasury strategy.

Their stock price also rallied over 400% in response to the announcement. Nature’s Miracle stock price jumped over 160% to $0.1210 on Wednesday after the company announced $20 million treasury program.

NMHI stock’s intraday low and high were $0.0590 and $0.1489, respectively. Similarly, Trident Digital Tech stock price has rallied over 700% in a month.

This happened after the company announced a plan to raise $500 million for XRP treasury. Many companies expressed interest in adding the coin as a treasury reserve asset.

These include VivoPower International, Wellgistics Health, and Webus International. The companies revealed plans to buy for purposes including payments, diversifying treasury reserves, and hedging against inflation.

Price to Rally Over $10

XRP price fell 8% in the past 24 hours due to liquidation leveraged position, with the price currently trading at $3.21. The 24-hour low and high were $3.24 and $3.58, respectively.

However, the trading volume increased by 9% in the last 24 hours, indicating a slight interest among traders. Analysts remained bullish on the long-term outlook for XRP.

Analyst Ali Martinez predicted price to hit $6 and $15 next. The prediction was based on a bullish flag pattern formation in the weekly chart, with the daily chart also bullish.

Moreover, analyst EGRAG CRYPTO supported this massive bullish sentiment. He targeted Ripple price to hit $6.26, followed by targets of $16.5 and over $20.

Despite these bullish predictions, investors need to exercise caution amid the ongoing volatility and uncertainty in the crypto market.