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keel
Ledger
65,274,988
Methodology
1.0.8-draft
Age
5s

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
36.59 USDC (shortened; full value 36.59361946866010605634678246878376025567464269396 USDC)Limited by liquidation depth
Depth within 5%
buy328.65 USDC (shortened; full value 328.6512534616818407248842462348 USDC)sell30.16 USDC (shortened; full value 30.166565108044376209797077944804157704657512241384 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430323813831433128397 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
4,978.97 USDC (shortened; full value 4978.9759146245979465497974261666 USDC)
2026-10-26T23:54:38Z — 2026-11-02T23:09:39ZOne scale across every line on this chart
2% from mid
305.17 USDC (shortened; full value 305.1765477187171504390389620736 USDC)
5% from mid
328.65 USDC (shortened; full value 328.6512534616818407248842462348 USDC)
10% from mid
389.01 USDC (shortened; full value 389.0167285970470740618814613056 USDC)
169 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 169

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
701.49 USDC (shortened; full value 701.49430323813831433128397 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0.18 USDC (shortened; full value 0.1836334 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
3,820.0801 (shortened; full value 3820.0801337781597156687398370885)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
701.67 USDC (shortened; full value 701.67793663813831433128397 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh