A further 10% collateral-price decline would make about 8.84 million USDC of debt eligible for liquidation in a Morpho market on Base. The estimate uses prices recorded around 13:24 UTC on Nov. 6 and assumes unchanged positions. The snapshot covered 1,070 positions borrowing USDC against cbXRP, with total market debt of about 59.2 million USDC. Repayments and additional collateral can reduce exposure before prices reach the liquidation boundary. Liquidation would transfer cbXRP to liquidators, but any subsequent native-XRP sales would need separate transaction evidence.