XRP tokens linked to Ripple have seen a resurgence in positive discussions on social media, a phenomenon that has historically preceded a reversal in price. The token's social media sentiment ratio skyrocketed into the 'FOMO zone' on April 29, reaching 3.9 on Santiment's tracker, marking the highest level since March 19. This spike in sentiment is largely attributed to the recent integration of XRP with Rakuten Pay, allowing users to convert their points into XRP, thereby enabling an estimated 44 million users to utilize XRP across over 5 million merchant locations. The excitement surrounding this development has driven XRP to its second-highest bullish sentiment on social media in the past two years.
Despite the fervor, XRP's price has not reflected this enthusiasm, trading at $1.37 on Thursday with a 2.1% decline over 24 hours and a 3.7% drop over the week. Historically, such extremes in crowd sentiment have often marked reversals rather than continuations, suggesting that the current fervor may precede a price correction.