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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

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
36.50 USDC (shortened; full value 36.5018664275236528484896877655133381455079895822 USDC)
Highest
36.66 USDC (shortened; full value 36.6672764333378142000633969199739762711714736655 USDC)
2026-11-02T23:54:39Z — 2026-11-03T03:24:39Z
Max safe collateral
36.50 USDC (shortened; full value 36.5018664275236528484896877655133381455079895822 USDC)
2 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
305.05 USDC (shortened; full value 305.0507429858572448170578742219 USDC)
Sell side
5.05 USDC (shortened; full value 5.059518926155763669797950398530140191244376179546 USDC)

5% from mid

Buy side
328.52 USDC (shortened; full value 328.520706373351132443850782271 USDC)
Sell side
30.34 USDC (shortened; full value 30.346948190785216207852093784149211835311355588431 USDC)

10% from mid

Buy side
388.87 USDC (shortened; full value 388.8784257058964508683701408869 USDC)
Sell side
73.35 USDC (shortened; full value 73.359310877328534786164112831505764761650840777557 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.