XRP tokens, linked to Ripple, have seen a resurgence in positive social media chatter, a trend that has historically preceded a contrarian price signal. The 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 when a similar spike was followed by a sharp decline. This surge in sentiment is partly attributed to the integration of XRP with Rakuten Pay, allowing users to convert points into XRP, which has sparked significant excitement among traders. The asset is experiencing its second-highest bullish sentiment on social media in the past two years.
The Rakuten Pay integration, announced in early April, enables an estimated 44 million users to spend XRP at over 5 million merchant locations, trade it within the 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. Santiment data suggests that crowd sentiment leads price movements by 24 to 72 hours and that extremes in sentiment often mark reversals rather than continuations.