Tokens linked to Ripple have seen a resurgence in positive discussions on social media, a trend that has historically preceded a correction in price. The sentiment ratio for XRP spiked into the FOMO zone on April 29, reaching 3.9, the highest level since March 19. This surge in positive sentiment is largely attributed to the integration of XRP with Rakuten Pay, allowing users to convert their points into XRP.
The partnership has generated significant excitement among traders, with XRP experiencing its second-highest bullish sentiment on social media in the past two years. Despite the social media frenzy, XRP's price has not seen a significant increase, trading at $1.37 on Thursday, down 2.1% over 24 hours and 3.7% on the week.
According to Santiment, crowd sentiment has consistently led price movements by 24 to 72 hours, with extremes in sentiment often marking reversals rather than continuations.