![Arbitrum [ARB]’s 30% surge could have a Binance connection. Decoding…](https://i.headtopics.com/images/2023/4/15/cryptoamb/arbitrum-arb-s-30-surge-could-have-a-binance-conne-arbitrum-arb-s-30-surge-could-have-a-binance-conne-1647111259471462402.webp)
Arbitrum [ARB] experienced a surge in its price, skyrocketing by over 20% in the past 24 hours, possibly due to the addition of the ARB/RUB trading pair on Binance.
witnessed an unprecedented surge in its value since its launch. By the end of that trading day, the value had soared by more than 14%.
At the time of writing, the surge had continued, with an additional increase of 14%, bringing the overall rise in value to nearly 30% within the past 48 hours. The six-hour chart indicated that it was trading at approximately $1.5.had surged into the overbought territory on a lower timeframe, as indicated by the Relative Strength Index . Not only had it crossed the 75 mark, but it had also surpassed 80.
The RSI line’s position on the lower timeframe indicated a strong bull run. However, it had yet to enter the overbought zone on the daily timeframe, although it was quickly approaching the same.the introduction of new trading pairs on 13 April. One of the pairs mentioned was the ARB/RUB trading pair. This addition meant Arbitrum could now be directly traded with the Russian Rubles.
Before this announcement, ARB was already paired with the Euro and Turkish Lira, as well as other crypto assets such as
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