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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
123.69 USDC (shortened; full value 123.691096909014932608212975 USDC)
Highest
1,221.07 USDC (shortened; full value 1221.075461447037724141616095 USDC)
2026-10-04T03:54:42Z — 2026-10-24T23:24:33Z
Max safe collateral
407.83 USDC (shortened; full value 407.83869226292823205579235 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.

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 701.49430328351419471283804 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0.31 USDC (shortened; full value 0.3167048 USDC)

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

Cost against genuine volume
2,214.9784 (shortened; full value 2214.9784382286412921838824040558)

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
701.81 USDC (shortened; full value 701.81100808351419471283804 USDC)

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