XRP tokens, linked to Ripple, have regained traction on social media, exhibiting a historically contrarian price signal. The token's sentiment ratio on social media spiked into the 'FOMO zone' on April 29, reaching 3.9 on Santiment's tracker, marking the highest level since March 19.
This spike preceded a sharp pullback, indicating that crowd commentary is overwhelmingly positive, which is treated as a contrarian signal by Santiment. Historically, when retail chatter reaches these levels, the token tends to consolidate or correct in the following days as buyers driving the social wave exhaust their demand. The recent integration of XRP with Rakuten, allowing points to be converted into XRP, has contributed to the asset's second-highest bullish sentiment on social media in the past two years.
The trigger for this surge appears to be the Rakuten Pay integration, which added XRP as a payment method across the Japanese wallet application's ecosystem, enabling an estimated 44 million Rakuten users to spend XRP at over 5 million merchant locations. Despite the social hype, XRP traded at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week. Santiment also flagged March 29 as a prior 'buy the dip' window, when XRP sentiment hit the FUD zone and the token bounced shortly after, demonstrating a consistent pattern where crowd sentiment leads price by 24 to 72 hours in either direction.