XRP has seen a resurgence in positive discussions on social media, a trend that has often preceded a reversal in price. The token's sentiment ratio on social media spiked into the FOMO zone on April 29, reaching 3.9, the highest level since March 19. This spike in sentiment is largely attributed to the integration of XRP with Rakuten Pay, allowing users to convert their points into XRP.
The partnership is expected to expose XRP to an estimated 44 million Rakuten users, enabling them to spend XRP at over 5 million merchant locations and trade it within the Rakuten Pay app. Despite the excitement, XRP's price has not reflected the surge in sentiment, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Historically, extreme crowd sentiment has often marked reversals in XRP's price, with sentiment leading price by 24 to 72 hours in either direction.