Prominent commodities trader Peter Brandt recently caused a stir within the investment community by announcing that he was intending to buy $100,000 worth of either Solana (SOL) or XRP as soon as this week.
He has asked the community to help him pick the right coin while clarifying that he would not consider any other options.
Brandt's XRP chart seemingly shows a large symmetrical triangle formed by converging trendlines. In late 2024, the price of the token experienced an enormous rally, with the price breaking out above the upper trendline.
Brandt buying XRP would mark a major turnaround given that the chartist was extremely critical of the token in the past, accusing it of being a scam and predicting that it would ultimately crash to zero. In January, he offered XRP holders an olive branch, addressing his rather toxic interactions with the community.
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The chartist has also attached the so-called "Cup and Handle" pattern for Solana. The chart shows that the "cup" formed roughly between late 2021 and mid-2024. Meanwhile, the "handle" has started emerging in late 2021 and early 2025. Brandt has identified a potential price target for the SOL token between $518 and $707.
The trader's comments are filled with multiple suggestions and charts, with the XRP and Solana communities trying to promote their tokens.
According to the CoinGecko data, XRP and Solana (SOL) are in fourth and sixth places, respectively.
As reported by U.Today, both tokens are currently the top candidates to have their own spot ETFs in the U.S. According to analytics firm Kaiko, XRP might have the upper hand.
Earlier this year, Chicago-based derivatives giant CME Group rolled out regulated SOL and XRP futures.
