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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

Source

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Offers implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered5

  • Cheap to move the price
  • Cheap next to real trading
  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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