XRP social sentiment hits 2nd-highest in two years
XRP social sentiment reached its second-highest level in two years after Rakuten Wallet listed XRP on April 15, allowing 44 million users in Japan to convert Rakuten Points, Santiment reported.
XRP’s social sentiment rose to its second-highest level in two years after Rakuten Wallet listed XRP on April 15. The listing enables 44 million users in Japan to convert more than 3 trillion Rakuten Points — an estimated $23 billion loyalty pool — into XRP, Santiment reported.
Santiment’s analytics showed a marked increase in bullish commentary on social platforms. The positive-to-negative comment ratio reached 3.9 on April 29, a level the firm describes as its “FOMO Zone.” Santiment linked part of the sentiment gain to Rakuten’s integration, noting the asset recorded its second-highest bullish sentiment on social media in two years.
The analytics provider cautioned the sentiment spike does not usually produce immediate price breakouts. “As far as price goes, these events don’t often instantly lead to major price outbreaks,” the firm wrote, adding that price reactions often follow after the initial wave of enthusiasm has calmed.
Santiment pointed to recent patterns: a FOMO-driven sentiment spike on March 19 was followed by a price pullback, while high fear, uncertainty and doubt readings on February 5 and March 29 preceded relief rallies.
On price, XRP ranks fourth by market capitalization. The token fell about 55% over the prior nine months and was on track to close April in positive territory, ending a six-month losing streak that matched its longest monthly downturn since early 2014, according to CryptoRank data.
Seasonal data for May give mixed signals. The historical average return for May is near +25%, driven in part by a large 2017 gain; the median May return is about -2.6%, and seven of the past 12 Mays finished lower, the firm noted. Santiment also flagged broader market conditions — including geopolitical developments and overall risk appetite — as factors that could influence XRP’s price in the weeks ahead.
Santiment advised patience for traders and longer-term holders, stating that the practical effects of corporate integrations may take time to affect price after the initial surge in social sentiment.
