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keel
Ledger
65,277,328
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
121.86 USDC (shortened; full value 121.863667525137108048424215 USDC)Limited by manipulation cost
Depth within 5%
buy115.09 USDC (shortened; full value 115.0953833070814443028203952904 USDC)sell329.67 USDC (shortened; full value 329.676379742337227734027939563499430353790708120981 USDC)
Cost to move +50%
487.45 USDC (shortened; full value 487.45467010054843219369686 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
620.12 USDC (shortened; full value 620.12059912152903232191348 USDC)
2026-10-27T02:54:38Z — 2026-11-03T02:09:39Z
Max safe collateral
36.41 USDC (shortened; full value 36.415547451405880392058317373846319460422295700408 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
487.45 USDC (shortened; full value 487.45467010054843219369686 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
624.72 USDC (shortened; full value 624.7230392 USDC)

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

Cost against genuine volume
0.7802 (shortened; full value 0.780273240322250679999728206)

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
1,112.17 USDC (shortened; full value 1112.17770930054843219369686 USDC)

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