The analysis focuses on XRPUSD, suggesting a potential diagonal pattern to the upside. The analyst is waiting for signals indicating a move towards the 3.40 level, a strong resistance point. XRP broke the 3.40 level around July 17 and then had a pullback and potential rally in wave 5 to 4.14 but it's having difficulty holding above the 3.40 mark with failed attempts on August 7th and 8th. The analyst thinks that the upward rally lacks upside momemntum The pullback looks corrective. The analyst sets a lower bound to 2.85: a break below 2.85 indicating a failed reversal. If the move occurs, the analyst mentions a target around 3.60.