XRP tokens linked to Ripple have seen a resurgence in positive discussions on social media, a trend that has historically preceded a reversal in price. The token's positive-to-negative 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 been treated as a contrarian signal by Santiment, as it indicates that crowd commentary is overwhelmingly positive, which has historically led to consolidation or correction in the token's price.
The recent integration of XRP with Rakuten Pay, allowing users to convert points into XRP, has driven social media chatter to its second-highest bullish sentiment in two years. The deal 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 directly into XRP. Despite the social media buzz, XRP traded at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week.