Ripple (XRP)

Current price: $ 0.22

24 hours price change: $ -0.000300 (-0.14%)

Daily analysis of Ripple (XRP) - 1 year

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 year, starting on December 13th, 2018 to December 12th, 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 12/13/2018 and 12/12/2019.

According to the performance of Ripple between December 13th, 2018 and December 12th, 2019, Ripple performed the best on Mondays. On average, the price of Ripple increased 0.67% on Monday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -1.70%.

Ripple weekday performance

Allthough the Ripple decreases in value with -0.30% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Sundays is 3.40%. This means that the expected change of the value of Ripple is between -3.70% and 3.09% on 68 out of 100 Sundays.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Ripple on a Monday is between -2.98% and 4.32% (see also the table below).

Ripple increased in value on an average Tuesday only slightly. The average increase in value of the Ripple was 0.09%. 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 (4.69%). This means that on 68 percent of the Tuesdays, the change in price of the Ripple is expected to be in the range of -4.59% and 4.78%.

Ripple increased in value on an average Wednesday only slightly. The average increase in value of the Ripple was 0.29%. 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 (3.67%). This means that on 68 percent of the Wednesdays, the change in price of the Ripple is expected to be in the range of -3.37% and 3.96%.

The Ripple declines in value on an average Thursday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 3.66%. This means that it is not possible to say whether on a regular Thursday the Ripple will increase or decrease in value.

On an average Friday, the Ripple increased 0.49%. However, since the expected deviation is 3.08%, the Ripple will decline in value on a Friday quiet regularly. The expected price change of the Ripple on a Friday is between -2.59% and 3.57%.

Ripple increased in value on an average Saturday only slightly. The average increase in value of the Ripple was 0.18%. 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 (2.33%). This means that on 68 percent of the Saturdays, the change in price of the Ripple is expected to be in the range of -2.15% and 2.50%.

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% 3.40% -3.70% to 3.09%
Monday 0.67% 3.65% -2.98% to 4.32%
Tuesday 0.09% 4.69% -4.59% to 4.78%
Wednesday 0.29% 3.67% -3.37% to 3.96%
Thursday -1.70% 3.66% -5.35% to 1.96%
Friday 0.49% 3.08% -2.59% to 3.57%
Saturday 0.18% 2.33% -2.15% to 2.50%