That ">6%" GeneQ mentions is the index of coincidence for English telegraph text - 26 letters, with punctuation and numerals spelled out. The actual value for long texts is 0.0665.
The <4% is the index of coincidence for random text in a 26-character alphabet, which is 1/26, or 0.385.
If you're using a different language or a different alphabet, the specific values will different. If you're using the ASCII character set, Unicode, or binary bytes, the specific values will be very different. But the difference between the IC of plaintext and random text will usually be present. (Compressed binaries may have ICs very close to that of random, and any file encrypted with any modern computer cipher will have an IC that is exactly that of random text.)
Once you've XORed the text against itself, what you have left is equivalent to an autokey cipher. Wikipedia has a good example of breaking such a cipher
http://en.wikipedia.org/wiki/Autokey_cipher