The analysis discusses XRPUSD, focusing on a bullish trend based on Elliott Wave theory. It identifies a base case scenario targeting $5.00+ within five waves. The analysis points out the May high in wave one and a wave two pullback into the June lows. The current wave is likely wave five of three, aiming for new highs around $3.84 and $4.33. A critical condition for this scenario is maintaining price support above the August low at $2.75. The previous swing high, which is the 2017 high, is located at $3.40, with the $3.40 level being a key resistance to surpass to confirm the upward trend. A breakout above this resistance hasn't been confirmed yet.