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keel
Ledger
64,752,679
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
630.26 USDC (shortened; full value 630.2668595703868816337144525 USDC)Limited by manipulation cost
Depth within 5%
buy1,435.55 USDC (shortened; full value 1435.5517704435636764717124872457 USDC)sell1,706.93 USDC (shortened; full value 1706.930334415311850795699249736557342211817878454038 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
5 triggered3 not evaluated

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.

Higher at the end of the window than at its start

Lowest
1,821.96 USDC (shortened; full value 1821.963147119002522 USDC)
Highest
2,595.89 USDC (shortened; full value 2595.89313687866908463241831 USDC)
2026-09-26T17:52:01Z — 2026-10-03T17:24:37Z
Cost to move +50%
2,523.19 USDC (shortened; full value 2523.19791283889038733485416 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.

630.26 USDC (shortened; full value 630.2668595703868816337144525 USDC)

Limited by manipulation cost

Liquidation term
873.05 USDC (shortened; full value 873.0574197425603751969907203906227745550201017304365 USDC)

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

Manipulation termbinds
630.26 USDC (shortened; full value 630.2668595703868816337144525 USDC)

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