XRP has seen a resurgence in positive chatter on social media, a trend that has often signaled a contrarian price movement. On April 29, the token's positive-to-negative sentiment ratio spiked into the FOMO zone, reaching 3.9, the highest level since March 19. This spike in sentiment has been driven in part by the integration of XRP with Rakuten Pay, allowing users to convert their points into XRP.
The partnership has generated significant excitement, with traders noting it as a major milestone for the token. Despite the positive sentiment, XRP's price has not seen a corresponding increase, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Historically, such extremes in crowd sentiment have marked reversals rather than continuations, suggesting a potential correction in the days to come.