Ripple (XRP)

Current price: $ 0.22

24 hours price change: $ 0.007700 (3.55%)

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 June 5th, 2019 to December 4th, 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 06/05/2019 and 12/04/2019.

According to the performance of Ripple between June 5th, 2019 and December 4th, 2019, Ripple performed the best on Mondays. On average, the price of Ripple increased 0.45% on Monday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -1.09%.

Ripple weekday performance

On Sundays, the Ripple decreases in value on average with -0.68%. On most of the Sundays the Ripple decreases in value between -3.24% and 1.88%. The uncertainty (2.56%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Ripple on Sundays is large.

On an average Monday, the Ripple increased 0.45%. However, since the expected deviation is 1.72%, the Ripple will decline in value on a Monday quiet regularly. The expected price change of the Ripple on a Monday is between -1.27% and 2.16%.

On Tuesdays, the Ripple decreases in value on average with -0.88%. On most of the Tuesdays the Ripple decreases in value between -2.69% and 0.92%. The uncertainty (1.80%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the Ripple on Tuesdays is large.

It is hard to tell whether the Ripple will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ripple is -0.21%. However, the standard deviation on this weekday is 3.19%. This means that on most Wednesdays, the change in value of the Ripple is between -3.41% and 2.98%.

The Ripple declines in value on an average Thursday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 3.33%. This means that it is not possible to say whether on a regular Thursday the Ripple will increase or decrease in value.

Ripple increased in value on an average Friday only slightly. The average increase in value of the Ripple was 0.05%. 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 (1.93%). This means that on 68 percent of the Fridays, the change in price of the Ripple is expected to be in the range of -1.87% and 1.98%.

Ripple increased in value on an average Saturday only slightly. The average increase in value of the Ripple was 0.27%. 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 (2.15%). This means that on 68 percent of the Saturdays, the change in price of the Ripple is expected to be in the range of -1.88% and 2.42%.

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 -0.68% 2.56% -3.24% to 1.88%
Monday 0.45% 1.72% -1.27% to 2.16%
Tuesday -0.88% 1.80% -2.69% to 0.92%
Wednesday -0.21% 3.19% -3.41% to 2.98%
Thursday -1.09% 3.33% -4.42% to 2.23%
Friday 0.05% 1.93% -1.87% to 1.98%
Saturday 0.27% 2.15% -1.88% to 2.42%