Robinhood [ARB] crypto pumped 12% after being listed on the platform

Arbitrum [ARB] crypto pumped 12% after Robinhood listed it on its platform, offering new liquidity and trading avenues for the L2 token.

Arbitrum [ARB] crypto soared 12% after major U.S. exchange, Robinhood, integrated the L2 token on its platform, providing new avenues for liquidity and trading.

The token experienced a rapid surge from $0.378 to $0.435, marking a nearly 15% increase, before stabilizing with an 12% gain at the time of writing.

However, even with the double-digit bounce, ARB remained 65% lower than its December highs of $1.2. This sparks the question of whether the Robinhood listing could be the catalyst for sustainable recovery in the L2 coin.

Arbitrum crypto : Huge outflows amid price pump

As seen in the graph above, there was strong outflows (red bars) from exchanges this week, to the tune of nearly $7 billion. Overall, around $20 billion ARB has been moved out of exchanges in the past three weeks, a bullish sign despite the recent pump.

In most cases, a sharp rise in netflows (exchange selling pressure, green bars) always coincides with local tops. Simply put, the negative netflow meant reduced selling pressure, which could further fuel ARB’s recovery outlook.

Interestingly, one of the largest ARB whale cohorts (100 million – 1 billion tokens, yellow), increased their holdings from 1.96 billion ARB to 2.06 billion coins. That’s a whopping 40 million ARB accumulated in the past few days.

The strong accumulation could improve ARB’s recovery odds despite increased dumping from the 10 million – 100 million ARB whale holder.

However, the short-term outlook could be dented if the broader market sentiment sours.

ARB forms bullish divergence

On the daily chart, ARB formed a bullish divergence, with the RSI rising while the price made lower lows. This pattern suggests a potential price reversal to the upside, indicating ARB’s upward momentum could continue.

However, traders should remain observant of the Fib level at $0.5, a key support in late 2024 that was recently breached.

If ARB manages a decisive move above this sell zone, it could further strengthen the asset’s recovery trajectory.