XRP Market Value

XRP Crypto  USD 0.50  0.02  4.17%   
XRP's market value is the price at which a share of XRP trades on a public exchange. It measures the collective expectations of XRP investors about its performance. XRP is trading at 0.5 as of the 19th of April 2024, a 4.17 percent up since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of XRP and determine expected loss or profit from investing in XRP over a given investment horizon. Check out XRP Correlation, XRP Volatility and Investing Opportunities module to complement your research on XRP.
Symbol

Please note, there is a significant difference between XRP's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine XRP value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, XRP's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

XRP 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to XRP's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of XRP.
0.00
03/20/2024
No Change 0.00  0.0 
In 31 days
04/19/2024
0.00
If you would invest  0.00  in XRP on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding XRP or generate 0.0% return on investment in XRP over 30 days. XRP is related to or competes with Solana, Open Network, Staked Ether, Avalanche, Chainlink, Ethena, and Sui. XRP is peer-to-peer digital currency powered by the Blockchain technology.

XRP Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure XRP's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess XRP upside and downside potential and time the market with a certain degree of confidence.

XRP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for XRP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XRP's standard deviation. In reality, there are many statistical measures that can use XRP historical prices to predict the future XRP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XRP's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.030.504.41
Details
Intrinsic
Valuation
LowRealHigh
0.020.464.37
Details
Naive
Forecast
LowNextHigh
0.010.474.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.500.500.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as XRP. Your research has to be compared to or analyzed against XRP's peers to derive any actionable benefits. When done correctly, XRP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in XRP.

XRP Backtested Returns

We consider XRP very volatile. XRP shows Sharpe Ratio of 0.0038, which attests that digital coin had a 0.0038% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for XRP, which you can use to evaluate the volatility of coin. Please check out XRP's Standard Deviation of 3.92, mean deviation of 2.85, and Risk Adjusted Performance of (0) to validate if the risk estimate we provide is consistent with the expected return of 0.0147%. The entity maintains a market beta of 0.94, which attests to possible diversification benefits within a given portfolio. XRP returns are very sensitive to returns on the market. As the market goes up or down, XRP is expected to follow.

Auto-correlation

    
  0.46  

Average predictability

XRP has average predictability. Overlapping area represents the amount of predictability between XRP time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of XRP price movement. The serial correlation of 0.46 indicates that about 46.0% of current XRP price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.0

XRP lagged returns against current returns

Autocorrelation, which is XRP crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting XRP's crypto coin expected returns. We can calculate the autocorrelation of XRP returns to help us make a trade decision. For example, suppose you find that XRP has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

XRP regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If XRP crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XRP crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XRP crypto coin over time.
   Current vs Lagged Prices   
       Timeline  

XRP Lagged Returns

When evaluating XRP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XRP crypto coin have on its future price. XRP autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, XRP autocorrelation shows the relationship between XRP crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XRP.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether XRP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XRP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xrp Crypto.
Check out XRP Correlation, XRP Volatility and Investing Opportunities module to complement your research on XRP.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
XRP technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of XRP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of XRP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...