XRP tokens, associated with Ripple, have seen a resurgence in positive discussions on social media, a trend that has often been followed by a correction in price. The positive-to-negative sentiment ratio reached 3.9 on April 29, the highest since March 19, when a similar spike was followed by a sharp decline.
This high level of sentiment indicates that the crowd's commentary is overwhelmingly positive, which is treated as a contrarian signal by Santiment. Historically, when social media chatter reaches these levels, the token tends to consolidate or correct in the following days as buyers driving the social wave exhaust their demand.
The recent integration of XRP with Rakuten Pay, allowing users to convert their points into XRP, has contributed to the asset's second-highest bullish sentiment on social media in the past two years. The integration, which went live in early April, enables an estimated 44 million Rakuten users to spend XRP at over 5 million merchant locations, trade it within the Rakuten Pay app, and convert their Rakuten points into XRP. Despite the excitement, XRP's price has not reflected the social hype, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Santiment has noted that crowd sentiment often leads price movements by 24 to 72 hours, with extremes in sentiment marking reversals more frequently than continuations.
XRP has been trading between $1.37 and $1.60 for most of April, and a clear break of either side will determine whether the Rakuten integration marks the beginning of a sustained price increase or another fleeting headline.