01What
Compares the direct market between two tokens against the route through XRP (token 1 to XRP, then XRP to token 2) to see which has better liquidity.
02Why you'd use it
Two small tokens often have no active direct market, but both trade against XRP. The ledger can automatically bridge trades through XRP — this shows whether that bridge is where the real liquidity lives.
03How
- 1Enter both tokens: Base Currency with its Base Issuer, and Quote Currency with its Quote Issuer.
- 2Set Depth per Book to how many offers to compare (10 is fine).
- 3Run it and compare the three books: the direct pair, base/XRP, and XRP/quote.
- 4If the two XRP legs are deeper than the direct book, expect your trade to route through XRP — and price it off those legs.
Watch out
- Auto-bridging is automatic during actual trading — this tool is analysis only; you do not choose the route manually.
- An empty direct book does not mean you cannot trade the pair; it usually means all the liquidity is in the XRP legs.
- Bridged trades cross two spreads (two price gaps), so compare the combined rate, not each leg alone.
For example
You want to swap a EUR token for a USD token. The direct EUR/USD book has two stale offers, but both tokens have deep XRP markets. The analysis confirms the XRP bridge is the real market, so you price your offer off the two XRP legs.