Ripple (XRP)

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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 April 20th, 2024 to May 17th, 2024.

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 04/20/2024 and 05/17/2024.

According to the performance of Ripple between April 20th, 2024 and May 17th, 2024, Ripple performed the best on Mondays. On average, the price of Ripple increased 0.20% on Monday.

The weekday on which the Ripple performed the worst, is Tuesday. On Tuesdays, the Ripple declined in value on average by -0.76%.

Ripple weekday performance

Allthough the Ripple decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Sundays is 0.64%. This means that the expected change of the value of Ripple is between -0.98% and 0.31% on 68 out of 100 Sundays.

Ripple increased in value on an average Monday only slightly. The average increase in value of the Ripple was 0.20%. 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 (0.41%). This means that on 68 percent of the Mondays, the change in price of the Ripple is expected to be in the range of -0.21% and 0.60%.

On Tuesdays, the Ripple decreases in value on average with -0.76%. On most of the Tuesdays the Ripple decreases in value between -2.01% and 0.48%. The uncertainty (1.24%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Ripple on Tuesdays is large.

It is hard to tell whether the Ripple will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ripple is -0.02%. However, the standard deviation on this weekday is 0.05%. This means that on most Wednesdays, the change in value of the Ripple is between -0.07% and 0.03%.

It is hard to tell whether the Ripple will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ripple is -0.04%. However, the standard deviation on this weekday is 0.07%. This means that on most Thursdays, the change in value of the Ripple is between -0.11% and 0.03%.

It is hard to tell whether the Ripple will increase or decrease in value on an average Friday. The average change on a Friday for the Ripple is -0.01%. However, the standard deviation on this weekday is 0.06%. This means that on most Fridays, the change in value of the Ripple is between -0.06% and 0.05%.

Allthough the Ripple decreases in value with -0.45% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Saturdays is 0.63%. This means that the expected change of the value of Ripple is between -1.08% and 0.18% on 68 out of 100 Saturdays.

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 -0.33% 0.64% -0.98% to 0.31%
Monday 0.20% 0.41% -0.21% to 0.60%
Tuesday -0.76% 1.24% -2.01% to 0.48%
Wednesday -0.02% 0.05% -0.07% to 0.03%
Thursday -0.04% 0.07% -0.11% to 0.03%
Friday -0.01% 0.06% -0.06% to 0.05%
Saturday -0.45% 0.63% -1.08% to 0.18%
 

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