Ripple (XRP)

Current price: $ 0.32

24 hours price change: $ -0.008300 (-2.50%)

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 June 21st, 2019 to July 19th, 2019.

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 06/21/2019 and 07/19/2019.

According to the performance of Ripple between June 21st, 2019 and July 19th, 2019, Ripple performed the best on Fridays. On average, the price of Ripple increased 2.04% on Friday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -5.58%.

Ripple weekday performance

The decrease in value of the Ripple is -3.70% on an average Sunday. The uncertainty of the average change is high for the Ripple on Sundays. This means that it is hard to tell whether the Ripple will decrease or increase in value on an average Sunday. If we look at the 68% range of the Ripple, we see that on 68% of the Sundays, the expected change of the Ripple is between -7.84% and 0.45%.

On an average Monday the Ripple shows a high increase in value, namely 1.96%. The standard deviation is below the average increase percentage (standard deviation is 0.88%), meaning that on 68% of the Mondays the Ripple will increase with a percentage between 1.07% and 2.84%. This also means that, on average, on 16 percent of the Mondays, the Ripple will increase with a percentage above this range. On the other 16% of the Mondays, the Ripple will change with a percentage below the 1.07%.

The Ripple declines in value on an average Tuesday with -2.73%. However, the uncertainty (or standard deviation) is quite large, namely 1.57%. This means that it is not possible to say whether on a regular Tuesday the Ripple will increase or decrease in value.

Allthough the Ripple decreases in value with -0.59% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Wednesdays is 4.89%. This means that the expected change of the value of Ripple is between -5.48% and 4.30% on 68 out of 100 Wednesdays.

The decrease in value of the Ripple is -5.58% on an average Thursday. The uncertainty of the average change is high for the Ripple on Thursdays. This means that it is hard to tell whether the Ripple will decrease or increase in value on an average Thursday. If we look at the 68% range of the Ripple, we see that on 68% of the Thursdays, the expected change of the Ripple is between -11.39% and 0.24%.

On an average Friday the Ripple shows an increase in value of 2.04%. However, the change of Ripple on most of the Fridays is between -0.69% and 4.77%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ripples.

On an average Saturday the Ripple shows an increase in value of 1.65%. However, the change of Ripple on most of the Saturdays is between -2.10% and 5.40%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Ripples.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-3.70%4.15%-7.84% to 0.45%
Monday1.96%0.88%1.07% to 2.84%
Tuesday-2.73%1.57%-4.30% to -1.16%
Wednesday-0.59%4.89%-5.48% to 4.30%
Thursday-5.58%5.81%-11.39% to 0.24%
Friday2.04%2.73%-0.69% to 4.77%
Saturday1.65%3.75%-2.10% to 5.40%