XRP, the token linked to Ripple, has seen a resurgence in positive discussions on social media, a trend that has often preceded price corrections in the past. On April 29, the token's positive-to-negative sentiment ratio spiked to 3.9, the highest since March 19, when a similar surge was followed by a sharp decline. This spike, which Santiment refers to as the 'FOMO zone,' indicates overwhelming positivity among crowd commentary, a signal that Santiment views as contrarian.
Historically, when social media chatter reaches such levels, the token tends to consolidate or correct in the following days as the demand driven by social enthusiasm wanes. 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 social media frenzy, XRP traded at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week.
Santiment also noted that crowd sentiment has led price movements by 24 to 72 hours in either direction, with extremes in sentiment often marking reversals rather than continuations. XRP has largely traded between $1.37 and $1.60 throughout April, and a clear break of either side will determine whether the Rakuten integration marks the beginning of a sustained revaluation or another fleeting headline.