Ripple (XRP)

Current price: $ 1.27

24 hours price change: $ -0.14 (-10.14%)

Daily analysis of Ripple (XRP) - 6 months

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 6 months, starting on October 20th, 2020 to April 19th, 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 10/20/2020 and 04/19/2021.

According to the performance of Ripple between October 20th, 2020 and April 19th, 2021, Ripple performed the best on Thursdays. On average, the price of Ripple increased 1.11% on Thursday.

The weekday on which the Ripple performed the worst, is Wednesday. On Wednesdays, the Ripple declined in value on average by -0.79%.

Ripple weekday performance

Allthough the Ripple decreases in value with -0.51% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Sundays is 1.94%. This means that the expected change of the value of Ripple is between -2.46% and 1.43% on 68 out of 100 Sundays.

Allthough the Ripple decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Mondays is 2.29%. This means that the expected change of the value of Ripple is between -2.77% and 1.80% on 68 out of 100 Mondays.

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 -0.25%. However, the standard deviation on this weekday is 1.54%. This means that on most Tuesdays, the change in value of the Ripple is between -1.80% and 1.29%.

On Wednesdays, the Ripple decreases in value on average with -0.79%. On most of the Wednesdays the Ripple decreases in value between -4.47% and 2.88%. The uncertainty (3.68%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Ripple on Wednesdays is large.

On an average Thursday the Ripple shows an increase in value of 1.11%. However, the change of Ripple on most of the Thursdays is between -5.88% and 8.10%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Ripples.

Ripple increased in value on an average Friday only slightly. The average increase in value of the Ripple was 0.26%. 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 (3.25%). This means that on 68 percent of the Fridays, the change in price of the Ripple is expected to be in the range of -2.99% and 3.51%.

On an average Saturday the Ripple shows an increase in value of 1.06%. However, the change of Ripple on most of the Saturdays is between -5.94% and 8.06%. 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.51% 1.94% -2.46% to 1.43%
Monday -0.48% 2.29% -2.77% to 1.80%
Tuesday -0.25% 1.54% -1.80% to 1.29%
Wednesday -0.79% 3.68% -4.47% to 2.88%
Thursday 1.11% 6.99% -5.88% to 8.10%
Friday 0.26% 3.25% -2.99% to 3.51%
Saturday 1.06% 7.00% -5.94% to 8.06%
 

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