The XRP token has seen a significant increase in positive social media chatter, which is often viewed as a contrarian price signal. On April 29, the token's positive-to-negative sentiment ratio spiked to 3.9, the highest level since March 19, when a similar surge was followed by a sharp price correction. This spike in sentiment is largely attributed to the recent integration of XRP with Rakuten Pay, allowing users to convert their points into XRP.
The partnership has generated significant excitement among traders, with many viewing it as a major milestone for the token. Despite the positive sentiment, XRP's price has remained relatively stable, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week.