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keel
Ledger
65,276,609
Methodology
1.0.8-draft
Age
2s

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
36.41 USDC (shortened; full value 36.414209708011972359649907893587407772739473231159 USDC)Limited by liquidation depth
Depth within 5%
buy329.02 USDC (shortened; full value 329.0290336032733596424843209588 USDC)sell29.80 USDC (shortened; full value 29.801561243018352390512132203725795204319915410139 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430327667476574300235 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
494.76 USDC (shortened; full value 494.7643876360597304328519 USDC)
Highest
6,450.86 USDC (shortened; full value 6450.86894620966963059984533 USDC)
2026-10-04T01:54:42Z — 2026-10-24T21:09:38Z
Cost to move +50%
1,630.49 USDC (shortened; full value 1630.49062741795117939155671 USDC)
501 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.

36.41 USDC (shortened; full value 36.414209708011972359649907893587407772739473231159 USDC)

Limited by liquidation depth

Liquidation termbinds
36.41 USDC (shortened; full value 36.414209708011972359649907893587407772739473231159 USDC)

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

Manipulation term
175.37 USDC (shortened; full value 175.3735758191686914357505875 USDC)

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