Brandt Calls XRP Fool Coin as Aljarrah Defends Its Growing Ecosystem

Veteran trader Peter Brandt has labeled XRP a “fool coin,” despite his chart analysis suggesting a potential price target of $5.40. Versan Aljarrah, founder of Black Swan Capitalist, defended XRP, arguing that Brandt’s price prediction does not address the asset’s underlying value or utility.

Brandt, with over 40 years of trading experience, questioned whether XRP’s use in payments justifies its investment value. He compared it to the U.S. dollar, noting that people do not invest in dollars for their transactional utility. He also highlighted uncertainties around XRP’s supply and emphasized that its valuation remains unproven until market forces determine its true worth. Brandt favors Ether and Solana over XRP, cautioning investors against chasing new crypto tokens.

Aljarrah clarified that Brandt’s $5.40 price target is a trade prediction, not an endorsement of XRP’s fundamentals. He criticized Brandt’s “fool coin” label, stating that dismissing XRP’s developments without analysis is merely an opinion. Aljarrah pointed to recent legal clarity, institutional adoption, and regulated financial products tied to XRP as key advancements.

Aljarrah acknowledged that the debate over XRP’s role in global settlement is fair but argued that ignoring its growing ecosystem and real-world applications is shortsighted. He advised investors to hold their own views, use charts as tools, and plan their trades carefully. He concluded by calling Brandt ‘a fool’ for overlooking XRP’s progress.