Marex Analyst: XRP Faces Macro Pressure and Weak Spot Flow

XRP continues to trade significantly below its record high, according to Marex analyst Louis De Backer. The cryptocurrency is currently 62% below its peak value, primarily due to macroeconomic pressures and weak spot flow, which are hindering standalone demand. According to NS3.AI, Polymarket bettors are predicting a 61% probability that XRP will reach $1 before January 1. Additionally, there is a 13% chance that XRP could hit $3.60 before the end of the year.