Tokens linked to Ripple, XRP, have seen a resurgence in positive discussions on social media, a trend that has historically been a contrarian indicator for price movements. The sentiment ratio spiked into what Santiment refers to as the 'FOMO zone' on April 29, reaching 3.9 on the firm's tracker, the highest since March 19. This level of enthusiasm has typically been followed by a consolidation or correction in the token's price as the buying frenzy driven by social media buzz begins to lose steam.
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. This development enables an estimated 44 million Rakuten users to use XRP for payments across over 5 million merchant locations, trade it within the app, and convert their Rakuten points directly into XRP. Despite the excitement, XRP's price has been relatively stable, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% over the week. Historically, crowd sentiment has led price movements by 24 to 72 hours, with extremes in sentiment often marking reversals rather than continuations.