Ripple (XRP)

Current price: $ 0.29

24 hours price change: $ -0.02 (-5.38%)

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 August 19th, 2019 to September 18th, 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 08/19/2019 and 09/18/2019.

According to the performance of Ripple between August 19th, 2019 and September 18th, 2019, Ripple performed the best on Mondays. On average, the price of Ripple increased 0.66% on Monday.

The weekday on which the Ripple performed the worst, is Friday. On Fridays, the Ripple declined in value on average by -0.63%.

Ripple weekday performance

The Ripple will almost not change or only slightly increase in value on an average Sunday. The average change of the Ripple on Sundays is 0.26%. The standard deviation of the Ripple is 0.10%, which means that in 68% of the Sundays, the range of the change of the Ripple is 0.16% and 0.36%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Historical performance on Monday do not show an increase in value of the Ripple on which a prediction can be made. The Ripple increased in value on average on an average Monday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Ripple on a Monday is between -0.90% and 2.22% (see also the table below).

It is hard to tell whether the Ripple will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ripple is -0.23%. However, the standard deviation on this weekday is 0.48%. This means that on most Tuesdays, the change in value of the Ripple is between -0.71% and 0.25%.

On an average Wednesday, the Ripple increased 0.33%. However, since the expected deviation is 0.89%, the Ripple will decline in value on a Wednesday quiet regularly. The expected price change of the Ripple on a Wednesday is between -0.56% and 1.22%.

It is hard to tell whether the Ripple will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ripple is -0.14%. However, the standard deviation on this weekday is 0.34%. This means that on most Thursdays, the change in value of the Ripple is between -0.48% and 0.20%.

On Fridays, the Ripple decreases in value on average with -0.63%. On most of the Fridays the Ripple decreases in value between -1.19% and -0.07%. The uncertainty (0.56%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Ripple on Fridays is large.

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 -0.22%. However, the standard deviation on this weekday is 0.12%. This means that on most Saturdays, the change in value of the Ripple is between -0.33% and -0.10%.

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 0.26% 0.10% 0.16% to 0.36%
Monday 0.66% 1.56% -0.90% to 2.22%
Tuesday -0.23% 0.48% -0.71% to 0.25%
Wednesday 0.33% 0.89% -0.56% to 1.22%
Thursday -0.14% 0.34% -0.48% to 0.20%
Friday -0.63% 0.56% -1.19% to -0.07%
Saturday -0.22% 0.12% -0.33% to -0.10%