XRP has seen a significant surge in positive social media chatter, often a contrarian indicator for the token's price. The sentiment ratio spiked to 3.9 on April 29, the highest level since March 19, when a similar spike was followed by a sharp decline. This increase in positive sentiment is largely attributed to the recent integration of XRP with Rakuten Pay, allowing users to convert their points into XRP and use it for payments across the application's ecosystem. The partnership has generated considerable excitement among traders, with XRP experiencing its second-highest bullish sentiment in the past two years.
Despite the positive social media chatter, XRP's price has remained relatively stable, trading at $1.37 on Thursday with a 2.1% decline over 24 hours.