Peter Brandt XRP Label Draws Response From Versan Aljarrah
This report is based on information published by coinpedia.org. The outlet said Peter Brandt called XRP a “fool coin,” prompting a response from Versan Aljarrah of Black Swan Capitalist.
This report is based on information published by coinpedia.org. The outlet said veteran trader Peter Brandt referred to XRP as a “fool coin” while also pointing to a chart target for the token.
Coinpedia also reported that Versan Aljarrah, founder of Black Swan Capitalist, responded by saying the apparent contradiction is easy to explain. He said a price target reflects a trade and does not explain why an asset matters.
Key Takeaways
- Coinpedia reported that Peter Brandt called XRP a “fool coin.”
- The same report said Brandt’s chart pointed to a price target for XRP.
- Versan Aljarrah said a price target reflects a trade and does not explain an asset’s purpose.
Context
XRP is the native token associated with the XRP Ledger. Commentary around the asset often includes debate over its market role, chart analysis and differing views from traders and market commentators.
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