Ripple (XRP)

Current price: $ 0.58

24 hours price change: $ 0.007340 (1.29%)

Daily analysis of Ripple (XRP) - 6 months

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 6 months, starting on January 19th, 2024 to July 19th, 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 01/19/2024 and 07/19/2024.

According to the performance of Ripple between January 19th, 2024 and July 19th, 2024, Ripple performed the best on Mondays. On average, the price of Ripple increased 0.23% on Monday.

The weekday on which the Ripple performed the worst, is Tuesday. On Tuesdays, the Ripple declined in value on average by -0.58%.

Ripple weekday performance

It is hard to tell whether the Ripple will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ripple is -0.30%. However, the standard deviation on this weekday is 0.86%. This means that on most Sundays, the change in value of the Ripple is between -1.16% and 0.56%.

Ripple increased in value on an average Monday only slightly. The average increase in value of the Ripple was 0.23%. 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 (1.33%). This means that on 68 percent of the Mondays, the change in price of the Ripple is expected to be in the range of -1.09% and 1.56%.

Allthough the Ripple decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Tuesdays is 1.17%. This means that the expected change of the value of Ripple is between -1.75% and 0.60% on 68 out of 100 Tuesdays.

Allthough the Ripple decreases in value with -0.47% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Wednesdays is 0.87%. This means that the expected change of the value of Ripple is between -1.34% and 0.40% on 68 out of 100 Wednesdays.

Ripple increased in value on an average Thursday only slightly. The average increase in value of the Ripple was 0.11%. 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 (0.73%). This means that on 68 percent of the Thursdays, the change in price of the Ripple is expected to be in the range of -0.62% and 0.84%.

Ripple increased in value on an average Friday only slightly. The average increase in value of the Ripple was 0.03%. 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 (0.56%). This means that on 68 percent of the Fridays, the change in price of the Ripple is expected to be in the range of -0.53% and 0.59%.

It is hard to tell whether the Ripple will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ripple is -0.06%. However, the standard deviation on this weekday is 0.70%. This means that on most Saturdays, the change in value of the Ripple is between -0.76% and 0.64%.

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 -0.30% 0.86% -1.16% to 0.56%
Monday 0.23% 1.33% -1.09% to 1.56%
Tuesday -0.58% 1.17% -1.75% to 0.60%
Wednesday -0.47% 0.87% -1.34% to 0.40%
Thursday 0.11% 0.73% -0.62% to 0.84%
Friday 0.03% 0.56% -0.53% to 0.59%
Saturday -0.06% 0.70% -0.76% to 0.64%
 

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