How can XRP move from .53 to $334 in 1 Trade

XRP trades on many exchanges which all have different prices at some times for XRP. Some exchanges can trade at a premium price depending on what the buyer is prepared to pay and what the seller is prepared to sell. The market is made up of public order books and private order books which can all have an effect on circulation of xrp. The last traded price of XRP is important because it is basically a reference for the next price. If there is an arbitrage where XRP trades at different price levels on different exchanges this arbitrage will evenutally get closed down but it is certainly possible for XRP to go up a lot even without massive volume. If an outlier trade is put on to sell xrp at $334 and a buyer comes along and is prepared to pay that price then that is the last traded price. With this happening sellers would increase their sells to reflect the new sell price of $334 and eventually if the buyers want to get filled they would have to meet this price for the buy and sell to be matched. Though XRP is very liquid it is not impossible that this could not happen given the Crypto market doesnt have regulation and there are no maximum limits to how much prices should move in a day like in the stock market or other fiat markets.

How can XRP move from .53 to $334 in 1 Trade

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