The analysis is based on Elliott Wave theory on the XRP/USD pair. The primary thesis suggests that a large degree fourth wave bottomed out in April. The speaker then presents a 5 wave impulse upwards, projecting an increase to the $5 area. The analysis shows that there is an attempt to break the 3.40 resistance. If this happens, the new targets become $3.80 and then $4.30. The alternative bearish scenario suggests a consolidation below the $3.40 level and the price must hold at $2.85; and the last candle (at the time of the analysis) needs to hold to validate the wave 3 push toward $5.42.