Ripple (XRP)

Current price: $ 0.30

24 hours price change: $ -0.03 (-8.57%)

Daily analysis of Ripple (XRP) - 3 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 3 months, starting on January 24th, 2019 to April 22nd, 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 01/24/2019 and 04/22/2019.

According to the performance of Ripple between January 24th, 2019 and April 22nd, 2019, Ripple performed the best on Wednesdays. On average, the price of Ripple increased 1.40% on Wednesday.

The weekday on which the Ripple performed the worst, is Thursday. On Thursdays, the Ripple declined in value on average by -1.77%.

Ripple weekday performance

The Ripple declines in value on an average Sunday with -1.23%. However, the uncertainty (or standard deviation) is quite large, namely 2.91%. This means that it is not possible to say whether on a regular Sunday the Ripple will increase or decrease in value.

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 -0.04%. However, the standard deviation on this weekday is 3.83%. This means that on most Mondays, the change in value of the Ripple is between -3.87% and 3.79%.

Historical performance on Tuesday 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 Tuesday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Ripple on a Tuesday is between -3.17% and 4.93% (see also the table below).

On an average Wednesday the Ripple shows an increase in value of 1.40%. However, the change of Ripple on most of the Wednesdays is between -2.11% and 4.91%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Ripples.

The Ripple declines in value on an average Thursday with -1.77%. However, the uncertainty (or standard deviation) is quite large, namely 2.18%. 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 1.27%. However, the change of Ripple on most of the Fridays is between -1.84% and 4.39%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ripples.

Ripple increased in value on an average Saturday only slightly. The average increase in value of the Ripple was 0.30%. 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 (1.50%). This means that on 68 percent of the Saturdays, the change in price of the Ripple is expected to be in the range of -1.21% and 1.80%.

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-1.23%2.91%-4.14% to 1.68%
Monday-0.04%3.83%-3.87% to 3.79%
Tuesday0.88%4.05%-3.17% to 4.93%
Wednesday1.40%3.51%-2.11% to 4.91%
Thursday-1.77%2.18%-3.95% to 0.42%
Friday1.27%3.11%-1.84% to 4.39%
Saturday0.30%1.50%-1.21% to 1.80%