Ripple (XRP)

Current price: $ 0.83

24 hours price change: $ 0.007200 (0.87%)

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 May 13th, 2021 to June 12th, 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 05/13/2021 and 06/12/2021.

According to the performance of Ripple between May 13th, 2021 and June 12th, 2021, Ripple performed the best on Tuesdays. On average, the price of Ripple increased 2.01% on Tuesday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -1.69%.

Ripple weekday performance

On Sundays, the Ripple decreases in value on average with -0.81%. On most of the Sundays the Ripple decreases in value between -2.89% and 1.26%. The uncertainty (2.08%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Ripple on Sundays is large.

The expected range of change of the Ripple for an average Monday is between 0.10% and 1.53%. This is the result of an average increase in value of 0.81% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On an average Tuesday the Ripple shows a high increase in value, namely 2.01%. The standard deviation is below the average increase percentage (standard deviation is 1.76%), meaning that on 68% of the Tuesdays the Ripple will increase with a percentage between 0.25% and 3.77%. This also means that, on average, on 16 percent of the Tuesdays, the Ripple will increase with a percentage above this range. On the other 16% of the Tuesdays, the Ripple will change with a percentage below the 0.25%.

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 1.37%. This means that the expected change of the value of Ripple is between -1.96% and 0.78% on 68 out of 100 Wednesdays.

The Ripple declines in value on an average Thursday with -1.69%. However, the uncertainty (or standard deviation) is quite large, namely 3.34%. This means that it is not possible to say whether on a regular Thursday the Ripple will increase or decrease in value.

Allthough the Ripple decreases in value with -0.39% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Fridays is 1.23%. This means that the expected change of the value of Ripple is between -1.62% and 0.83% on 68 out of 100 Fridays.

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 1.14%. This means that on most Saturdays, the change in value of the Ripple is between -1.20% and 1.08%.

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 -0.81% 2.08% -2.89% to 1.26%
Monday 0.81% 0.72% 0.10% to 1.53%
Tuesday 2.01% 1.76% 0.25% to 3.77%
Wednesday -0.59% 1.37% -1.96% to 0.78%
Thursday -1.69% 3.34% -5.02% to 1.65%
Friday -0.39% 1.23% -1.62% to 0.83%
Saturday -0.06% 1.14% -1.20% to 1.08%
 

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