XRP holds $1.20–$1.40 channel support as NVT jumps 108% and longs pile in

XRP is consolidating between $1.20 and $1.40 inside a long-running descending channel while printing its largest realized loss spike since 2022, suggesting possible exhaustion near key support. On-chain and derivatives data show NVT has surged over 100% and nearly 69% of Binance's top traders are positioned long, creating an imbalance that could fuel either a sharp rebound or a liquidation-driven breakdown if support fails.