It's one of those partially-true-but-sretched-too-far kind of things.
Visible spectrum runs from red-to-blue, but (non-visible) light can be emitted in wavelengths past either. Light before red is "InfraRed" and light after blue is "UltraViolet".
LEDs don't just grab a single point on that spectrum either, they produce in a range.
Red LED start at the edge of red and produce some of the red-orange right next to it. They're very bright, since they produce only visible light, but the color winds up with a
slight orange hue. This is most evident on-camera where the blades look yellow-orange while producing a red glow.
Amber LEDs start in the orange section and produce toward the end of yellow, producing a golden light.
Green LEDs produce in the green section, and appear brighter than other lights thanks to our eye's natural sensitivity to green light.
Blue LEDs start at the edge of cyan and continue on toward the edge of blue, producing a bright blue with all visible-light, but winding up a lighter shade than some might prefer.
(Some manufacturers also produce Red-Orange, Lime, and Cyan LEDs that fall in other points of the spectrum.)
However, there are some cases where you want a really deep blood red, or a very deep almost-purple blue. That's where Deep Red and Royal Blue come in.
Deep Red/Photo Red LEDs produce in a more leftward-spectrum than traditional RED LEDs, producing a truer, deeper red color. However, they're not quite as bright, since the adjacent spectrum is InfraRed. It's not particularly dangerous, but it's not visible either. Blades made with these LEDs look either blood-red or pinkish on camera, depending on how the camera renders IR light.
Royal Blue LEDs are the opposite - ensuring they produce a deep blue by moving the spectrum a bit to the right compared to traditional Blue LEDs. While this deepens the color, some brightness is lost, as a small chunk of light is UltraViolet. Royal Blue saber blades also have the neat effect of acting as a subdued blacklight, lighting up phosphorescent pigments like the orange in NERF darts and certain greens. They have a blue-to-purplish hue on camera, depending on how the camera renders UV light.
I wouldn't warn anyone against using Royal Blue LEDs in the same manner that I wouldn't warn anyone not to go outside because the Sun produces UV light. That said, saber responsibly. It might not be the best idea to use a Royal Blue saber to light up the room at night (reds tend to be easier on the eyes anyway).