Ripple (XRP)

Current price: $ 0.43

24 hours price change: $ 0.008400 (2.02%)

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 23rd, 2022 to May 23rd, 2022.

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 04/23/2022 and 05/23/2022.

According to the performance of Ripple between April 23rd, 2022 and May 23rd, 2022, Ripple performed the best on Tuesdays. On average, the price of Ripple increased 0.78% on Tuesday.

The weekday on which the Ripple performed the worst, is Friday. On Fridays, the Ripple declined in value on average by -0.88%.

Ripple weekday performance

Ripple increased in value on an average Sunday only slightly. The average increase in value of the Ripple was 0.06%. 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 (0.17%). This means that on 68 percent of the Sundays, the change in price of the Ripple is expected to be in the range of -0.10% and 0.23%.

Ripple increased in value on an average Monday only slightly. The average increase in value of the Ripple was 0.27%. 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 (0.88%). This means that on 68 percent of the Mondays, the change in price of the Ripple is expected to be in the range of -0.61% and 1.15%.

The expected range of change of the Ripple for an average Tuesday is between 0.05% and 1.51%. This is the result of an average increase in value of 0.78% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

The average increase of the Ripple on an average Wednesday is 0.56%. This is a small increase, however, the expected change of the Ripple in 95% of the Wednesdays is -0.11% and 1.22%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Ripple is below -0.11%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.22%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Ripple will be in the range of 0.22% and 0.89%.

Ripple increased in value on an average Thursday 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 (1.16%). This means that on 68 percent of the Thursdays, the change in price of the Ripple is expected to be in the range of -0.95% and 1.36%.

On Fridays, the Ripple decreases in value on average with -0.88%. On most of the Fridays the Ripple decreases in value between -3.26% and 1.50%. The uncertainty (2.38%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the Ripple on Fridays is large.

Allthough the Ripple decreases in value with -0.56% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Saturdays is 1.87%. This means that the expected change of the value of Ripple is between -2.42% and 1.31% 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 0.06% 0.17% -0.10% to 0.23%
Monday 0.27% 0.88% -0.61% to 1.15%
Tuesday 0.78% 0.73% 0.05% to 1.51%
Wednesday 0.56% 0.33% 0.22% to 0.89%
Thursday 0.20% 1.16% -0.95% to 1.36%
Friday -0.88% 2.38% -3.26% to 1.50%
Saturday -0.56% 1.87% -2.42% to 1.31%
 

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