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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

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
1,424.31 USDC (shortened; full value 1424.3163065340257306722769769737 USDC)
Sell side
1,082.89 USDC (shortened; full value 1082.89251235850840427085354971352788660677120204708 USDC)

5% from mid

Buy side
1,432.40 USDC (shortened; full value 1432.4053156606234510207069638624 USDC)
Sell side
1,670.11 USDC (shortened; full value 1670.112344773585642793817439697566051349841694505664 USDC)

10% from mid

Buy side
1,456.23 USDC (shortened; full value 1456.2343170971258543284814696453 USDC)
Sell side
1,709.28 USDC (shortened; full value 1709.288614415103213526494050689643010034696838892224 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.