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keel
Ledger
64,753,400
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
630.31 USDC (shortened; full value 630.3167257141951367855510275 USDC)Limited by manipulation cost
Depth within 5%
buy1,436.10 USDC (shortened; full value 1436.1099165224516949174125801715 USDC)sell1,717.65 USDC (shortened; full value 1717.655088685594726022131360384579597059483876543888 USDC)
Cost to reach the critical move
The engine sent no critical rung
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
22.91 USDC (shortened; full value 22.9142754179074 USDC)
Highest
756.52 USDC (shortened; full value 756.525268182138438245182329486694003179479194591318 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:37Z
Max safe collateral
567.09 USDC (shortened; full value 567.09743215925 USDC)
498 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW140 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME140 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH140 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT2 of 498

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.

630.31 USDC (shortened; full value 630.3167257141951367855510275 USDC)

Limited by manipulation cost

Liquidation term
878.42 USDC (shortened; full value 878.424053898438260338156220755404896085886973019329 USDC)

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

Manipulation termbinds
630.31 USDC (shortened; full value 630.3167257141951367855510275 USDC)

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