Your $X(z)$ has two poles, at $z=1/2$ and $z=1/4$, hence there are, a priori, three possible ROC: inside the inner circle ($|z|<1/4$), the annulus between the two circles ($1/4<|z|<1/2$) and the region outside the exterior circle ($|z|>1/2$). But you are already told that you must consider the later ROC. So all it's right, you just go ahead.
(You had reasons to worry -to suspect that something was wrong- if you had obtained a pole at, say $z=3/4$)