Quote from the Archwiki (Installation guide):
Arch Linux should run on any x86_64-compatible machine with a minimum of 512 MiB RAM, though more memory is needed to boot the live system for installation. A basic installation should take less than 2 GiB of disk space.
Does that mean it is technically possible to get a Windows XP-era device with 512 Mb RAM and install Arch on it by pulling out the hard drive, connecting it to a modern machine via a SATA to usb connector, for example, with the modern machine running the live environment, and then just partitioning and installing on the old computer HDD, then putting the hdd back on the old computer? Is something like that feasible? I don't have a machine to test it on, but it certainly sounds like a fun experiment. It sort of reminds me of the stories of Gentoo cross-compiling.
Edit: It is a HYPOTHETICAL question. Please focus on the METHOD and IMPLEMENTATION instead of 32-bit compatibility or driver issues.
Yes, you can install on one machine, move the drive to a different machine, and it should mostly just work (unless they are different architectures and the packages aren't compatible). I've recently moved an old Arch install into a basically new computer and after changing the microcode it just works fine.