XRP’s long-term Price Targets:
In 2017, the seventh-most valuable cryptocurrency rose from $0.18 and ended the year at around $1.12. In 2021, the price of XRP jumped from $0.26 to an incredible $1.59 in a matter of months. However, the altcoin has not been able to replicate that kind of performance since. In fact, this year, XRP’s value has fallen by 17.18%. The last 24 hours have been different though, with the price appreciating by 4.04%. For the time being, XRP might not continue its uptick as a fall to $0.48 could be next. Furthermore, the exchange flow agreed with this potential decline.At press time, the exchange inflows, which indicate the movement of cryptocurrencies into exchanges, had a reading of 1.8 million. On the other hand, exchange outflows (tokens withdrawn out of exchanges) had a figure of 701,000.
Should the outflows later outpace the inflows, then XRP might continue jumping. Regardless of the cryptocurrency’s short-term run, factors that could push it higher are more than the aforementioned ones. For instance, tokens doing well this cycle seem to have specific narratives pushing them. Alas, XRP does not seem to be in any of those categories. While the value might rise, the potential to repeat its previous performances remains low.