Ripple (XRP)

Current price: $ 0.47

24 hours price change: $ 0.02 (3.66%)

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 February 6th, 2021 to March 6th, 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 02/06/2021 and 03/06/2021.

According to the performance of Ripple between February 6th, 2021 and March 6th, 2021, Ripple performed the best on Thursdays. On average, the price of Ripple increased 1.90% on Thursday.

The weekday on which the Ripple performed the worst, is Friday. On Fridays, the Ripple declined in value on average by -2.26%.

Ripple weekday performance

The Ripple declines in value on an average Sunday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 2.37%. This means that it is not possible to say whether on a regular Sunday the Ripple will increase or decrease in value.

On an average Monday, the Ripple increased 0.40%. However, since the expected deviation is 1.13%, the Ripple will decline in value on a Monday quiet regularly. The expected price change of the Ripple on a Monday is between -0.73% and 1.52%.

Allthough the Ripple decreases in value with -0.52% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Tuesdays is 0.83%. This means that the expected change of the value of Ripple is between -1.35% and 0.31% on 68 out of 100 Tuesdays.

On an average Wednesday the Ripple shows an increase in value of 1.26%. However, the change of Ripple on most of the Wednesdays is between -1.80% and 4.32%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Ripples.

On an average Thursday the Ripple shows a high increase in value, namely 1.90%. The standard deviation is below the average increase percentage (standard deviation is 1.17%), meaning that on 68% of the Thursdays the Ripple will increase with a percentage between 0.73% and 3.07%. This also means that, on average, on 16 percent of the Thursdays, the Ripple will increase with a percentage above this range. On the other 16% of the Thursdays, the Ripple will change with a percentage below the 0.73%.

The Ripple declines in value on an average Friday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 2.37%. This means that it is not possible to say whether on a regular Friday the Ripple will increase or decrease in value.

On an average Saturday, the Ripple increased 0.43%. However, since the expected deviation is 1.65%, the Ripple will decline in value on a Saturday quiet regularly. The expected price change of the Ripple on a Saturday is between -1.23% and 2.08%.

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 -1.27% 2.37% -3.65% to 1.10%
Monday 0.40% 1.13% -0.73% to 1.52%
Tuesday -0.52% 0.83% -1.35% to 0.31%
Wednesday 1.26% 3.06% -1.80% to 4.32%
Thursday 1.90% 1.17% 0.73% to 3.07%
Friday -2.26% 2.37% -4.64% to 0.11%
Saturday 0.43% 1.65% -1.23% to 2.08%
 

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