The video discusses XRP's price action, focusing on the daily timeframe. The current pullback is viewed as a fourth wave, still holding at critical support levels between $2.74 and $2.93. September is typically not bullish for Bitcoin and altcoins. The video suggests a potential dip in a larger correction if the September low is broken. The analyst is tracking an impulsive structure, expecting a potential aggressive move upwards. A micro support area between $2.75 and $2.93 is holding. A break below this might lead to a deeper pullback with a different structure. A B-wave formation allows for a deeper pullback and a potentially bumpy ride upwards. The presenter believes a C wave to the upside could occur reaching around $5 dollars. A shorter timeframe analysis indicates XRP is holding above structural support around $2.65.