Ripple (XRP)

Current price: $ 0.96

24 hours price change: $ -0.08 (-7.32%)

Daily analysis of Ripple (XRP) - 1 month

The performance of Ripple regarding the price differs every day. To make the best decision to buy Ripple, we are analysis in this article the performance of Ripple on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on October 27th, 2021 to November 27th, 2021.

In the barchart below, the weekdays and average performance of Ripple are shown side by side.

Average daily change in price of Ripple per weekday between 10/27/2021 and 11/27/2021.

According to the performance of Ripple between October 27th, 2021 and November 27th, 2021, Ripple performed the best on Sundays. On average, the price of Ripple increased 2.08% on Sunday.

The weekday on which the Ripple performed the worst, is Tuesday. On Tuesdays, the Ripple declined in value on average by -1.76%.

Ripple weekday performance

On an average Sunday the Ripple shows an increase in value of 2.08%. However, the change of Ripple on most of the Sundays is between -0.44% and 4.60%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Ripples.

On an average Monday the Ripple shows an increase in value of 1.48%. However, the change of Ripple on most of the Mondays is between -0.17% and 3.12%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ripples.

The Ripple declines in value on an average Tuesday with -1.76%. However, the uncertainty (or standard deviation) is quite large, namely 3.17%. This means that it is not possible to say whether on a regular Tuesday the Ripple will increase or decrease in value.

Ripple increased in value on an average Wednesday only slightly. The average increase in value of the Ripple was 0.04%. Allthough the Ripple closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.39%). This means that on 68 percent of the Wednesdays, the change in price of the Ripple is expected to be in the range of -0.36% and 0.43%.

On Thursdays, the Ripple decreases in value on average with -0.83%. On most of the Thursdays the Ripple decreases in value between -2.92% and 1.25%. The uncertainty (2.08%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Ripple on Thursdays is large.

On an average Friday the Ripple shows an increase in value of 1.32%. However, the change of Ripple on most of the Fridays is between -0.71% and 3.35%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ripples.

The average increase of the Ripple on an average Saturday is 0.46%. This is a small increase, however, the expected change of the Ripple in 95% of the Saturdays is -0.21% and 1.12%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the Ripple is below -0.21%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.12%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the Ripple will be in the range of 0.12% and 0.79%.

Ripple weekday performance details

Find below the details of the performance of Ripple per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 2.08% 2.52% -0.44% to 4.60%
Monday 1.48% 1.65% -0.17% to 3.12%
Tuesday -1.76% 3.17% -4.93% to 1.41%
Wednesday 0.04% 0.39% -0.36% to 0.43%
Thursday -0.83% 2.08% -2.92% to 1.25%
Friday 1.32% 2.03% -0.71% to 3.35%
Saturday 0.46% 0.33% 0.12% to 0.79%
 

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