The analysis is for XRPUSD. The current price is $2.87 and is assumed to reach to $13.50, after making higher highs. The failure bound is $2.50, lower than the current and target price. The analysis looks at the Daily chart's stochastic, which is currently bearish and the RSI to support his analysis, and mentions three major announcements. The analyst believes that bad news is priced in, leading to a potential buy the news event, that this could provide the current low, but if it doesn't go below $2.76 and they anticipate $3.00.