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keel
Ledger
65,278,227
Methodology
1.0.8-draft
Age
8s

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
36.67 USDC (shortened; full value 36.6796554386642673930820564157528823808254203887785 USDC)Limited by liquidation depth
Depth within 5%
buy328.52 USDC (shortened; full value 328.520706373351132443850782271 USDC)sell30.34 USDC (shortened; full value 30.346948190785216207852093784149211835311355588431 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430328351419471283804 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
36.07 USDC (shortened; full value 36.077928875478378102835187067250477153037056006704 USDC)
Highest
118.61 USDC (shortened; full value 118.6159757484012155229723081974733455044303629213715 USDC)
2026-11-02T03:54:39Z — 2026-11-03T03:24:39Z
Max safe collateral
36.50 USDC (shortened; full value 36.5018664275236528484896877655133381455079895822 USDC)
25 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

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.

36.67 USDC (shortened; full value 36.6796554386642673930820564157528823808254203887785 USDC)

Limited by liquidation depth

Liquidation termbinds
36.67 USDC (shortened; full value 36.6796554386642673930820564157528823808254203887785 USDC)

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

Manipulation term
175.37 USDC (shortened; full value 175.37357582087854867820951 USDC)

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