XRP Price to Target $3, BNB Unlikely to Breach $1000 Benchmark in the Current Rally

The rumors are settled and it is now official, SEC Gary Gensler is leaving his seat as SEC Chair. We also have a date, he's going to leave on January 20, 2025.

SEC Chair Gary Gensler to Leave Post in 2025 as Rumors of Resignation Swirl

The rumors have been swirling for months, and now it's official: SEC Chair Gary Gensler will be stepping down from his role on January 20, 2025.

This news has sparked hope among analysts and crypto enthusiasts alike, as Gensler's tenure has been marked by a contentious relationship with the digital asset industry. Many believe that his departure could signal a shift in the SEC's approach to crypto regulation.

As markets rally on the heels of Gensler's resignation rumors, the official announcement is likely to propel Binance Coin (BNB) and XRP prices to new heights. However, both BNB and XRP prices should be carefully evaluated and compared against higher growth options like INTL.

XRP Price to Hit $3 in the Current Market Rally: Analysis

XRP price surged nearly 24.75% following the announcement of SEC Chair Gensler's resignation, breaking through its resistance price of $1.37. Experts predict that this breakout could set the stage for Ripple to continue its rally. Technicals also indicate a strong buy for the coin.

However, contrary to expectations of $3, the next price point that investors should be watching is $1.59, which marks Ripple's three-year high. XRP price last touched this range in April 2021. Long-term predictions suggest that the coin could cross the $3 mark.

Binance Coin (BNB) Unlikely to Breach $1000 Benchmark in the Current Rally: Analysis

Despite crypto experiencing a rally of sorts, some wild predictions need to be put to rest. Unlike most other coins, Binance Coin has performed well YOY even without any industry-wide rally. In fact, the current rally seems to have stalled its upward momentum.

Out of this, the coin's growth has slowed in rallying November to just 7.39%. While technicals support a buying inclination, investors must realize that the $1000 benchmark is far off for BNB for now.

Analysts' predictions place Binance Coin in the range of $550 to $700 by 2025. This leaves the bold predictions of $1000 prices in the realm of pipe dreams. Instead, it makes commercial sense for investors to pick up quick growth options like INTL.

IntelMarkets INTL Set for 4000% Take Off into History: A Complete Guide to Making Money in the Crypto Market Crash

IntelMarkets (INTL) is a dynamic crypto trading ecosystem that provides users with access to perpetual futures contracts with advanced leverage options. Being perpetual, these contracts do not have any expiry dates, which makes them attractive for investors. This is partly why the project is garnering attention from within the industry.

Built on both the Ethereum and Solana blockchains, IntelMarkets users will benefit from the dual-chain architecture of the platform. Traders can choose the blockchain of their preference, utilizing the strengths of each to optimize trading strategies.

This integration provides traders with fast execution, comprehensive risk management tools, and a diverse range of asset pairs. INTL has already raised $2.45 million from a Fortune 500 investor and a sovereign wealth fund, and it recently opened up investment for general investors.

ConclusionBoth Binance Coin and XRP prices are rising, albeit for very different reasons. The improving crypto market outlook following SEC Chair Gensler's announcement bodes well for all crypto projects. Upcoming ventures like Intel Markets INTL will benefit from this optimism but will deliver on their performance parameters. A closer look at existing coins, however, reveals that claims of XRP hitting $3 and BNB touching $1000 might be a bit premature.

Visit the IntelMarkets website for more information on the technical platform, or Join the Presale for exclusive benefits.