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keel
Ledger
64,751,600
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
629.38 USDC (shortened; full value 629.3887238737114239552362575 USDC)Limited by manipulation cost
Depth within 5%
buy1,432.40 USDC (shortened; full value 1432.4053156606234510207069638624 USDC)sell1,670.11 USDC (shortened; full value 1670.112344773585642793817439697566051349841694505664 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
5 triggered3 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Offers implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered5

  • Cheap to move the price
  • Cheap next to real trading
  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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.

629.38 USDC (shortened; full value 629.3887238737114239552362575 USDC)

Limited by manipulation cost

Liquidation term
854.64 USDC (shortened; full value 854.644307207551606763247025344821505017348419446112 USDC)

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

Manipulation termbinds
629.38 USDC (shortened; full value 629.3887238737114239552362575 USDC)

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