XRP tokens, linked to Ripple, have seen a significant surge in positive social media discussions, which often serves as a contrarian indicator for price movements. On April 29, the token's positive-to-negative sentiment ratio spiked into the FOMO zone, reaching 3.9 on Santiment's tracker, the highest level since March 19. This spike in sentiment ratio, which indicates overwhelmingly positive crowd commentary, has historically been followed by consolidation or correction in the token's price as demand from buyers driving the social wave diminishes.
The recent integration of XRP with Rakuten Pay, allowing users to convert points into XRP, has contributed to the asset's second-highest bullish sentiment on social media in the past two years. This integration, which went live in early April, enables an estimated 44 million Rakuten users to spend XRP at over 5 million merchant locations, trade it within the Rakuten Pay app, and convert their Rakuten points directly into XRP. Despite the significant social media buzz, XRP traded at $1.37 on Thursday, marking a 2.1% decrease over 24 hours and a 3.7% decline over the week. Santiment data also highlights the consistent pattern of crowd sentiment leading price movements by 24 to 72 hours and marking reversals more often than continuations.