The analysis focuses on XRPUSD using Elliott Wave theory on the daily timeframe. The primary scenario tracks a potential Wave 4 bottom in September, with a Wave 5 unfolding towards a target of $4.30. The analysis notes support holding in September and identifies a need for a clear five-wave move up, followed by a three-wave down, to confirm the low is in. A break above $3.40 is important for confirmation of a continued upward movement. The analysis mentions a shorter-term outlook on the hourly chart, suggesting potential micro resistance between $3.04 and $3.16, with support identified at $2.97. One more high in the wave is needed. Overall strategy revolves around five waves up, and three waves down.