The analysis reviews XRP's price action since the end of the previous year, highlighting a ranging pattern following a 500+% rally. The analyst discusses a pullback to $1.79, where they increased their position, and notes a subsequent reclaim of the $2.41 region. The analysis identifies the next major target at $4.50, a Fibonacci extension point, anticipating a potential cooldown or pullback at that level before further upward movement into August and September. The content suggests that breaking $2.41 led to an upward trend.