The analyst in the video discusses the possibility of an XRP ETF being approved by the end of the year. He looks at the chart, noting a previous support level of the lows around $0.011, and compares current price action to previous market cycles in the charts. Based on previous highs of $3.70 and 96-85% retracement and a potential approval of the ETF, it is infering billions of inflows, therefore a target price of $27.00 and potentially even $70.00. By setting his fail bound approximately around the previous low and considering the new expected influx it is unlikely that the market will reach those price levels if it retraces, therefore this is a conservative stop loss. He expects growth to occur between now and the ETF approval, followed by some selling after approval.