The analyst discusses XRP's price action, noting an 11% increase on August 7th and characterizing it as the second-largest growth day since April 7th. He analyzes a Binance chart, identifying average volume and explaining its determination through histogram levels. A Fibonacci retracement from a low of 1.90 to 3.66 reveals a close above the 0.236 level, a bullish signal. He identifies that XRP had it's highest daily close since July 22, and expect a rally continuing through August and September, potentially reaching $4, $5 and $6, with $11-$16 by September. A breakout is expected out of pattern, there are also possibilities of finding support at $3.16 on next downtrend and moving up to $3.40-$3.54 then consolidating.