Ripple (XRP)

Current price: $ 0.32

24 hours price change: $ 0.002900 (0.93%)

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 15th, 2019 to July 13th, 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 01/15/2019 and 07/13/2019.

According to the performance of Ripple between January 15th, 2019 and July 13th, 2019, Ripple performed the best on Fridays. On average, the price of Ripple increased 1.22% on Friday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -2.46%.

Ripple weekday performance

Allthough the Ripple decreases in value with -0.41% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Sundays is 4.36%. This means that the expected change of the value of Ripple is between -4.77% and 3.96% on 68 out of 100 Sundays.

On an average Monday, the Ripple increased 0.54%. However, since the expected deviation is 3.74%, the Ripple will decline in value on a Monday quiet regularly. The expected price change of the Ripple on a Monday is between -3.20% and 4.28%.

On an average Tuesday, the Ripple increased 0.58%. However, since the expected deviation is 6.13%, the Ripple will decline in value on a Tuesday quiet regularly. The expected price change of the Ripple on a Tuesday is between -5.55% and 6.71%.

On an average Wednesday, the Ripple increased 0.55%. However, since the expected deviation is 4.32%, the Ripple will decline in value on a Wednesday quiet regularly. The expected price change of the Ripple on a Wednesday is between -3.77% and 4.87%.

The Ripple declines in value on an average Thursday with -2.46%. However, the uncertainty (or standard deviation) is quite large, namely 3.71%. 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 shows an increase in value of 1.22%. However, the change of Ripple on most of the Fridays is between -1.94% and 4.38%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ripples.

On an average Saturday, the Ripple increased 0.51%. However, since the expected deviation is 2.88%, the Ripple will decline in value on a Saturday quiet regularly. The expected price change of the Ripple on a Saturday is between -2.36% and 3.39%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.41%4.36%-4.77% to 3.96%
Monday0.54%3.74%-3.20% to 4.28%
Tuesday0.58%6.13%-5.55% to 6.71%
Wednesday0.55%4.32%-3.77% to 4.87%
Thursday-2.46%3.71%-6.17% to 1.25%
Friday1.22%3.16%-1.94% to 4.38%
Saturday0.51%2.88%-2.36% to 3.39%