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keel
Ledger
64,750,882
Methodology
1.0.8-draft
Age
7s

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
589.84 USDC (shortened; full value 589.841390299271897449819385 USDC)Limited by manipulation cost
Depth within 5%
buy1,274.46 USDC (shortened; full value 1274.4683331826414045652061481667 USDC)sell1,990.57 USDC (shortened; full value 1990.572288131799606331464324383576571754519000379544 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
5 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
738.32 USDC (shortened; full value 738.3285382110988007722617887358 USDC)
Highest
1,535.28 USDC (shortened; full value 1535.28841600195708617706843039 USDC)
2026-09-26T15:51:56Z — 2026-10-03T15:09:52ZOne scale across every line on this chart
2% from mid
1,266.37 USDC (shortened; full value 1266.3796872022817098900675759572 USDC)
5% from mid
1,274.46 USDC (shortened; full value 1274.4683331826414045652061481667 USDC)
10% from mid
1,298.29 USDC (shortened; full value 1298.2967407179412807016558190968 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

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

589.84 USDC (shortened; full value 589.841390299271897449819385 USDC)

Limited by manipulation cost

Liquidation term
1,014.87 USDC (shortened; full value 1014.873960673458883233758932920749641932531948433664 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
589.84 USDC (shortened; full value 589.841390299271897449819385 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.