Ripple (XRP)

Current price: $ 0.34

24 hours price change: $ -0.03 (-9.21%)

Daily analysis of Ripple (XRP) - 1 month

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 1 month, starting on July 19th, 2022 to August 19th, 2022.

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 07/19/2022 and 08/19/2022.

According to the performance of Ripple between July 19th, 2022 and August 19th, 2022, Ripple performed the best on Sundays. On average, the price of Ripple increased 0.55% on Sunday.

The weekday on which the Ripple performed the worst, is Friday. On Fridays, the Ripple declined in value on average by -0.37%.

Ripple weekday performance

The average increase of the Ripple on an average Sunday is 0.55%. This is a small increase, however, the expected change of the Ripple in 95% of the Sundays is -0.05% and 1.15%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Ripple is below -0.05%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.15%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the Ripple will be in the range of 0.25% and 0.85%.

Ripple increased in value on an average Monday only slightly. The average increase in value of the Ripple was 0.26%. 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 (0.67%). This means that on 68 percent of the Mondays, the change in price of the Ripple is expected to be in the range of -0.40% and 0.93%.

It is hard to tell whether the Ripple will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ripple is -0.21%. However, the standard deviation on this weekday is 0.35%. This means that on most Tuesdays, the change in value of the Ripple is between -0.56% and 0.15%.

Allthough the Ripple decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Wednesdays is 0.54%. This means that the expected change of the value of Ripple is between -0.85% and 0.23% on 68 out of 100 Wednesdays.

It is hard to tell whether the Ripple will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ripple is -0.03%. However, the standard deviation on this weekday is 0.32%. This means that on most Thursdays, the change in value of the Ripple is between -0.35% and 0.29%.

Allthough the Ripple decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ripple on Fridays is 0.54%. This means that the expected change of the value of Ripple is between -0.91% and 0.17% on 68 out of 100 Fridays.

It is hard to tell whether the Ripple will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ripple is -0.06%. However, the standard deviation on this weekday is 0.19%. This means that on most Saturdays, the change in value of the Ripple is between -0.25% and 0.13%.

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 0.55% 0.30% 0.25% to 0.85%
Monday 0.26% 0.67% -0.40% to 0.93%
Tuesday -0.21% 0.35% -0.56% to 0.15%
Wednesday -0.31% 0.54% -0.85% to 0.23%
Thursday -0.03% 0.32% -0.35% to 0.29%
Friday -0.37% 0.54% -0.91% to 0.17%
Saturday -0.06% 0.19% -0.25% to 0.13%
 

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