// A grid is a ladder of limit orders placed across a price range in a single approval. You set the range, the platform spaces the levels, and every order goes to the book at once — so you stop babysitting a chart and let the range do the work.
Ordinary limit orders are placed one at a time, each costing its own wallet approval. A grid places up to eight at once. The levels rest on the XRPL order book like any other limit order — they are ordinary offers, not a Verium construct, and anyone can see and fill them.
The range is the strategy. Choosing a low and a high price is choosing where you are willing to buy and where you are willing to sell. Price moving through the range fills the levels it passes; price leaving the range simply leaves the rest resting until you cancel them.
It suits a market that is oscillating rather than trending. A grid in a falling market keeps buying all the way down, which is the point if you wanted the exposure and a mistake if you did not.
// a two-sided grid: four sells above the market, four buys below, all in one approval
// sells sit above the market and buys below it — a sell under the price would fill instantly, which is not a grid
Buy, Sell, or Both. Buy ladders under the market and accumulates as price falls. Sell ladders above it and distributes as price rises. Both straddles the market in one order — levels below the current price rest as buys, levels above it as sells.
A low and a high price. Levels are spaced evenly between them, inclusive, so the first and last orders sit exactly on the bounds you typed rather than drifting inside them.
Two to eight. Eight is the ceiling because that is how many orders fit in one signature. Four is the default. With Both and a symmetric range, eight levels give you four buys and four sells.
Same token quantity at every level, or the same XRP at every level. The first spends more at higher prices; the second accumulates more tokens at lower ones.
The eight slots fill in with the plan — and every one of them is editable. Retune any price, amount, cost or side by hand, or leave slots blank to place fewer. The chart draws the whole ladder as dashed lines before you commit to anything.
// amounts are always rounded DOWN, never up — eight levels each rounded up can sum to more than the balance they came from, and the last one would fail
// the generated ladder is a starting point, not a commitment
The eight slots are a form, not a preview. Every cell in every row can be typed over, so you are never stuck with evenly spaced levels: set the range to get a ladder, then move the rungs that matter and leave the rest. Or press CLEAR and build all eight by hand at whatever prices and sizes you want.
Tap to flip that one level between buy and sell. Sides are per level, not per grid — a "4 buys and 4 sells" ladder is just the default, and you can make any mix you like.
The price that level rests at. Change it and the cost recalculates from the amount.
How many tokens that level trades. Change it and the cost recalculates from the price.
What that level spends or receives in XRP. Change it instead, and the amount is recalculated to match — useful when you want to commit a round number.
The field you are typing in is never rewritten under you. Editing one cell recalculates the others, never the one your cursor is in — so a half-typed number is left alone until you move on.
Blank rows are skipped. Leave a slot empty and it is simply not placed; it dims to show it is inactive. Two filled rows is the minimum, because a one-order grid is just a limit order.
Every level is drawn on the price chart. The distinction that matters is dashed versus solid: a dashed line is a quote you have not committed to, and a solid line is real money resting on the book.
// click a solid line to open that order and cancel it. several can be cancelled together in one signature, the same way they were placed
Approve once.
Each order still stands alone.
The whole ladder is submitted as one XRPL batch, so your wallet asks you once instead of eight times. Inside it, every order succeeds or fails on its own merits — one level being rejected does not take the others down with it.
That independence is deliberate, and it is what you want. A two-sided grid where the sell side cannot be funded still places the buy side.
// the reserve is locked, not spent. XRPL holds 0.2 XRP against each resting order and releases it the moment that order fills or is cancelled. An order that fills instantly never rests, so it never locks anything
// the network fee is a flat 10 drops per unit at normal load. XRPL raises it when the network is congested, so treat 0.0001 XRP as the floor for a full grid rather than a fixed price
Selling what you do not hold. A sell level is rejected only if you hold none of that token at all. Holding some is enough for every sell level to be accepted, even if they add up to more than you own — that is normal laddering, and the levels fill as the balance allows. The form warns you before signing when a side would be rejected outright, and names the asset.
Reserve, not fees. Eight resting orders lock 1.6 XRP of your balance. It comes back, but it is unavailable while the grid is live, so leave headroom.
Spacing is linear. Levels are evenly spaced in price. Geometric spacing — even percentage steps — is not offered yet. Over a wide range the lower rungs are proportionally further apart than they would be on a percentage ladder.
A grid is not a stop-loss. It does not close positions or protect against a trend. In a sustained fall a buy grid keeps buying; in a sustained rise a sell grid sells out early and stops participating.
// open any pair · trade form · grid tab · start with two levels before you commit to eight