XRP Price Analysis In SPSS

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Hy everyone, happy new month, I wish all the best as it comes to the beginning of the last month of the year. In this guide, I would perform a descriptive analysis of XRP using SPSS in the month of October and November, 2022, this article presents the analysis into the following sections.

Line graph of XRP price

Below is a line graph showing the price of XRP.

line graph.JPG

Line graphs are used to indicate the progress of a particular variable which in our case is the price of XRP. It is visible that the price of XRP pumped over 50 cents in the month of October and November, 2022.

There is a tendency from my survey that the price of XRP might estimate $1 and above in the coming years. In addition to the line graph calls for the need of presenting a bar chart.

Barchart of XRP price

Below is a chart showing the price of XRP, this is also similar to the line graph but information in this section is presented in bars.

barchat xrp.JPG

In order words this is an extensive view of the line graph showing the price of XRP. However , it is visible from the bars that the price of XRP stooped so low in the month of November from 12 to 16, 2022.

Comparing both months, the price of XRP significantly reduced in the month of November than for that of October, 2022. In October is ranged below 40 cents.
Details of this analysis is been presented in the boxplot as seen below.

Boxplot of XRP price

The boxplot of XRP price is been shown below.

boxplot.JPG

Box plot diagrams are used to indicate the price range in summary of a particular variable which in this case is the price of XRP.

It can be seen that during the period of October and November in 2022, the price range of XRP has been below 55cents and above 30 cents as seen in the image above. There is a tendency towards the second quarter of next year if things remain same, the price of XRP might be estimated from 80 cent to $1.

Maximum and minimum price of XRP

The maximum and minimum price of XRP during the period of October- November, 2022 is been presented in the table below.

maxmin.JPG

However the lowest price of XRP was $0.3314 and its highest price is $0.5347.

This is quite different from the boxplot because the boxplot presents the lowest and highest price in a range which is difficult to estimate the value but with the descriptive feature in SPSS was able to indicate its lowest and highest value for both months.

Other views include

Other views to be added include the data and variable view.

The difference between both is that data view is used to enter in the price of XRP for three entries of each day. This is to ensure there is no error in analysis.

data.JPG

On the other hand, variable view is used to enter the name of the variable which in our case is the price of XRP.

variable.JPG

Conclusively

This article was able to present the descriptive features of XRP price analysis. It also covers the line graph, maximum and minimum price and the box plot.

Thanks for reading.

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