Arbitrum has benefited him: XAI has risen by 60%!

XAI, which is part of the Arbitrum ecosystem and backed by Offchain Labs, has risen by 60% since yesterday evening.

Cryptocurrencies have been exhibiting an upward movement since yesterday evening. In particular, the approval of spot Bitcoin ETFs has been an important factor in the rise of cryptocurrencies. The SEC's approval of ETFs, which has been expected for months, has whetted the appetite of crypto investors. Investors showed more interest in Ethereum (ETH) and Arbitrum (ARB) than BTC.

With ARB surpassing $2.20, the Arbitrum ecosystem has also come to life. Xai Games (XAI), the newest member of the Arbitrum ecosystem, is up 60% since yesterday evening.

## Xai Games (XAI) lives up to expectations

After launching and completing the airdrop distribution, Xai Games (XAI) took advantage of the positive crypto market and started to rise. XAI, which is on the Arbitrum network and backed by Arbitrum developer Offchain Labs, rose from $0.4517 to $0.7332. Facing selling pressure at $0.7332, XAI pulled back to the $0.68 level.

XAI has been on the decline since its launch, mainly due to the selling pressure created by the airdrop distribution. XAI, which retreated to $0.4517 in the past day, faced investors' buying appetite. Buying from this region has pushed the price of XAI higher. XAI soon tested and managed to break through the resistance point at $0.5483. Staying above $0.5483, XAI has set its sights on the resistance point at $0.6215. The impact of the spot Bitcoin ETF approval helped XAI break the $0.6215 resistance. XAI tested the $0.7118 resistance on the day and pulled back from this area. XAI's peak was $0.7332. This daily movement in the popular cryptocurrency brought Celestia (TIA) to mind. Many investors expect XAI to experience further upside.

XAI could set its sights on the $0.76 resistance if it breaks through the $0.7118 resistance and sustains above it. A break of this resistance will push XAI to $0.80 in a short period of time. XAI may have to take strength from the $0.80 resistance on its ultimate goal of $1.

On the other hand, XAI could retrace to $0.6215 if it pullbacks. If it loses the $0.6215 support, XAI could drop to the $0.5483 support.

XAI is known as the native token of the Xai Games project, which is the apple of the eye of the Arbitrum ecosystem. Xai Games attracted attention with its layer-3 gaming blockchain. XAI has been able to build a strong community, especially by airdropping it before it launches.