XRP tokens linked to Ripple have seen a resurgence in positive social media discussions, which historically serves as a contrarian signal for price movements. The token's sentiment ratio on social media spiked into the FOMO zone on April 29, reaching 3.9 on Santiment's tracker, the highest since March 19.
This level of sentiment has preceded sharp pullbacks in the past. The recent integration of XRP with Rakuten, allowing users to convert points into XRP, has driven social media chatter to its second-highest bullish sentiment in two years. The partnership enables an estimated 44 million Rakuten users to spend XRP at over 5 million merchant locations and convert their Rakuten points into XRP.
Despite the social media hype, XRP traded at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Santiment data shows that crowd sentiment leads price movements by 24 to 72 hours, and extreme sentiment levels often mark reversals rather than continuations. XRP has been trading between $1.37 and $1.60 for most of April, and a clean break of either side will determine whether the Rakuten integration leads to a sustained re-rating or fades into the chart.