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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

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
0 USDC
Highest
5,488.08 USDC (shortened; full value 5488.0847008882257291924434033201 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:37ZOne scale across every line on this chart
2% from mid
1,164.84 USDC (shortened; full value 1164.8497197461549224482410711654 USDC)
5% from mid
1,183.67 USDC (shortened; full value 1183.6745387612380823977621226657 USDC)
10% from mid
1,197.12 USDC (shortened; full value 1197.1257217293936969050391627613 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
81.9582 % (shortened; full value 81.95828258447762732215421033 %)
Top ten holders
83.6813 % (shortened; full value 83.68137445419170323435939551 %)
Concentration index
6,717.85 (shortened; full value 6717.8501268395193107309287788743371971151769466818208943)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used