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keel
Ledger
64,752,499
Methodology
1.0.8-draft
Age
6s

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
630.79 USDC (shortened; full value 630.79947820972259683371354 USDC)Limited by manipulation cost
Depth within 5%
buy1,438.19 USDC (shortened; full value 1438.1939634617608888336143269238 USDC)sell1,708.19 USDC (shortened; full value 1708.194113937475226856665015443560198523700941369552 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.

Lower at the end of the window than at its start

Lowest
1,128.82 USDC (shortened; full value 1128.8225676600176888550264908665 USDC)
Highest
1,477.33 USDC (shortened; full value 1477.3342881101303975052339647184 USDC)
2026-09-26T23:52:01Z — 2026-10-03T17:09:37ZOne scale across every line on this chart
2% from mid
1,427.80 USDC (shortened; full value 1427.806968572143046514266923968 USDC)
5% from mid
1,435.89 USDC (shortened; full value 1435.8954692579700850477849328919 USDC)
10% from mid
1,459.72 USDC (shortened; full value 1459.7236391738521358909436768692 USDC)
8 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.

630.79 USDC (shortened; full value 630.79947820972259683371354 USDC)

Limited by manipulation cost

Liquidation term
873.69 USDC (shortened; full value 873.6957616701114457067002900749498825374195172960125 USDC)

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

Manipulation termbinds
630.79 USDC (shortened; full value 630.79947820972259683371354 USDC)

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