The video analyzes XRPUSD using Elliott Wave theory and Fibonacci retracement levels on an hourly chart. The price experienced a small dip, but the presenter notes that support has not been broken. Scenarios tracked in the last video are still valid. A sell-off has brought the price into a micro support region between $2.85 and $3.12. This zone could act as support for wave two or an ABC structure. The support area is measured using Fibonacci retracement from the August low. The area between the 38.2% and 78.6% retracement is a key support. There is a possibility of finding support here. $3.40 is absolute key resistance.