Ripple (XRP)

Current price: $ 0.31

24 hours price change: $ 0.0023 (0.76%)

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 September 12th, 2018 to December 11th, 2018.

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 09/12/2018 and 12/11/2018.

According to the performance of Ripple between September 12th, 2018 and December 11th, 2018, Ripple performed the best on Tuesdays. On average, the price of Ripple increased 1.69% on Tuesday.

The weekday on which the Ripple performed the worst, is Friday. On Fridays, the Ripple declined in value on average by -0.96%.

Ripple weekday performance

Ripple increased in value on an average Sunday only slightly. The average increase in value of the Ripple was 0.29%. 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 (2.01%). This means that on 68 percent of the Sundays, the change in price of the Ripple is expected to be in the range of -1.71% and 2.30%.

On Mondays, the Ripple decreases in value on average with -0.62%. On most of the Mondays the Ripple decreases in value between -5.58% and 4.34%. The uncertainty (4.96%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Ripple on Mondays is large.

On an average Tuesday the Ripple shows an increase in value of 1.69%. However, the change of Ripple on most of the Tuesdays is between -4.77% and 8.15%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Ripples.

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 -0.11%. However, the standard deviation on this weekday is 3.77%. This means that on most Wednesdays, the change in value of the Ripple is between -3.87% and 3.66%.

Historical performance on Thursday 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 Thursday with 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Ripple on a Thursday is between -7.34% and 8.54% (see also the table below).

On Fridays, the Ripple decreases in value on average with -0.96%. On most of the Fridays the Ripple decreases in value between -2.55% and 0.63%. The uncertainty (1.59%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the Ripple on Fridays is large.

Ripple increased in value on an average Saturday only slightly. The average increase in value of the Ripple was 0.23%. 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 (2.87%). This means that on 68 percent of the Saturdays, the change in price of the Ripple is expected to be in the range of -2.64% and 3.10%.

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
Sunday0.29%2.01%-1.71% to 2.30%
Monday-0.62%4.96%-5.58% to 4.34%
Tuesday1.69%6.46%-4.77% to 8.15%
Wednesday-0.11%3.77%-3.87% to 3.66%
Thursday0.60%7.94%-7.34% to 8.54%
Friday-0.96%1.59%-2.55% to 0.63%
Saturday0.23%2.87%-2.64% to 3.10%