XRP tokens, linked to Ripple, have regained positive traction on social media, a phenomenon that has often preceded a contrarian price signal. The token's sentiment ratio on social media spiked into the FOMO zone on April 29, reaching 3.9 on Santiment's tracker, marking the highest level since March 19. This spike was followed by a sharp pullback, indicating that when crowd sentiment reaches such extremes, the token tends to consolidate or correct in subsequent days as buyer demand dwindles.
The recent integration of XRP with Rakuten, allowing users to convert points into XRP, has fueled the asset's second-highest bullish sentiment on social media in two years. Traders are enthusiastic about the potential of XRP, now a payment method across Rakuten's ecosystem, accessible to an estimated 44 million users.
The announcement, hailed as a significant milestone by Ripple's senior ecosystem growth manager, took two weeks to impact the market, with sentiment gradually building up before spiking. Despite the social media buzz, XRP traded at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Historical patterns suggest that crowd sentiment leads price movements by 24 to 72 hours, with extremes often marking 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 signals a sustained re-rating or a fleeting headline.