Trying to install older versions of ruby on older versions of operative systems like mac osx or ubuntu might give this error, while using RVM (Ruby Virtual Machine)
No binary rubies available for: osx/10.15/x86_64/ or ubuntu/23.04/x86_64/
To fix it, simply download from here the binaries (put the version you need in place of 2.7 and 2.7.1)
https://cache.ruby-lang.org/pub/ruby/2.7/ruby-2.7.1.tar.bz2
and drop the file in the archives path
~/.rvm/archives
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