Ripple (XRP)

Current price: $ 0.71

24 hours price change: $ 0.001200 (0.17%)

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 January 29th, 2021 to July 28th, 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 01/29/2021 and 07/28/2021.

According to the performance of Ripple between January 29th, 2021 and July 28th, 2021, Ripple performed the best on Saturdays. On average, the price of Ripple increased 1.27% on Saturday.

The weekday on which the Ripple performed the worst, is Sunday. On Sundays, the Ripple declined in value on average by -0.64%.

Ripple weekday performance

On Sundays, the Ripple decreases in value on average with -0.64%. On most of the Sundays the Ripple decreases in value between -2.37% and 1.09%. The uncertainty (1.73%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Ripple on Sundays is large.

It is hard to tell whether the Ripple will increase or decrease in value on an average Monday. The average change on a Monday for the Ripple is -0.15%. However, the standard deviation on this weekday is 2.55%. This means that on most Mondays, the change in value of the Ripple is between -2.69% and 2.40%.

Allthough the Ripple decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Tuesdays is 2.93%. This means that the expected change of the value of Ripple is between -3.25% and 2.61% on 68 out of 100 Tuesdays.

Allthough the Ripple decreases in value with -0.35% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Wednesdays is 3.67%. This means that the expected change of the value of Ripple is between -4.03% and 3.32% on 68 out of 100 Wednesdays.

On an average Thursday, the Ripple increased 0.39%. However, since the expected deviation is 3.45%, the Ripple will decline in value on a Thursday quiet regularly. The expected price change of the Ripple on a Thursday is between -3.07% and 3.84%.

Historical performance on Friday 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 Friday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Ripple on a Friday is between -2.97% and 4.87% (see also the table below).

On an average Saturday the Ripple shows an increase in value of 1.27%. However, the change of Ripple on most of the Saturdays is between -5.57% and 8.12%. 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 -0.64% 1.73% -2.37% to 1.09%
Monday -0.15% 2.55% -2.69% to 2.40%
Tuesday -0.32% 2.93% -3.25% to 2.61%
Wednesday -0.35% 3.67% -4.03% to 3.32%
Thursday 0.39% 3.45% -3.07% to 3.84%
Friday 0.95% 3.92% -2.97% to 4.87%
Saturday 1.27% 6.85% -5.57% to 8.12%
 

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