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keel
Ledger
65,275,720
Methodology
1.0.8-draft
Age
4s

XRP against USDC — what depth stands behind this price?

All assets

XRP / USDC

GBXR…DTD5

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
36.65 USDC (shortened; full value 36.65965809892686220273356947774096812456696845765 USDC)Limited by liquidation depth
Depth within 5%
buy328.50 USDC (shortened; full value 328.5024423503702975953169260223 USDC)sell30.30 USDC (shortened; full value 30.3035866217985114960128802188695002935129163622 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430323531939635622309 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
36.14 USDC (shortened; full value 36.1433483938257771099428082841746657494845414622005 USDC)
Highest
620.12 USDC (shortened; full value 620.12059912152903232191348 USDC)
2026-10-27T00:54:38Z — 2026-11-02T23:54:39Z
Max safe collateral
36.66 USDC (shortened; full value 36.6672764333378142000633969199739762711714736655 USDC)
168 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT3 of 168

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

36.65 USDC (shortened; full value 36.65965809892686220273356947774096812456696845765 USDC)

Limited by liquidation depth

Liquidation termbinds
36.65 USDC (shortened; full value 36.65965809892686220273356947774096812456696845765 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
175.37 USDC (shortened; full value 175.3735758088298490890557725 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.