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keel
Ledger
65,275,720
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
36.65 USDC (shortened; full value 36.65965809892686220273356947774096812456696845765 USDC)Limited by liquidation depth
Depth within 5%
buy328.50 USDC (shortened; full value 328.5024423503702975953169260223 USDC)sell30.30 USDC (shortened; full value 30.3035866217985114960128802188695002935129163622 USDC)
Cost to move +50%
701.49 USDC (shortened; full value 701.49430323531939635622309 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
369.37 USDC (shortened; full value 369.37748031325139093550874 USDC)
Highest
5,016.13 USDC (shortened; full value 5016.13462116475121361082252 USDC)
2026-10-27T00:54:38Z — 2026-11-03T00:10:39Z
Cost to move +50%
701.49 USDC (shortened; full value 701.49430323531939635622309 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 701.49430323531939635622309 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
3.20 USDC (shortened; full value 3.2043422 USDC)

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

Cost against genuine volume
218.9199 (shortened; full value 218.9199091268465010872506344672)

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
704.69 USDC (shortened; full value 704.69864543531939635622309 USDC)

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