XRP social sentiment at two-year high after Rakuten tie-up
XRP social sentiment rose to a two-year high after Ripple’s Rakuten Wallet integration, while the token’s price remained capped near the $1.40 resistance zone.
Ripple announced on Thursday that Rakuten Wallet users will be able to convert loyalty points into XRP, trade the token in-app and spend it at merchants through the Rakuten Pay app. The company said Rakuten has more than 44 million users, loyalty points estimated at over $23 billion and access to more than 5 million merchant locations.
Onchain analytics firm Santiment posted that XRP’s Positive/Negative social sentiment indicator climbed to 3.9, the highest level since early 2024 and roughly 240% above the 1.135 reading on March 29. Santiment cautioned: “As far as price goes, these events don’t often instantly lead to major price outbreaks. It is usually after the initial wave of euphoria, after FOMO calms down, that the impact of this kind of news sees the bullish outcome.”
Market data showed a modest price response: XRP/USD rose about 2% in the 24 hours after the announcement but remained roughly 62% below its $3.66 multi-year high from July 2025. The token’s recovery from a local low of $1.27 on April 5 produced an 18% rally that stalled near $1.48, which coincided with the upper boundary of a symmetrical triangle pattern active since February.
Technical indicators place a resistance band at $1.40–$1.45. That range aligns with the triangle’s upper trend line and the 50-day exponential and 100-day simple moving averages. Cost-basis distribution from Glassnode shows about 2 billion XRP held at an average cost near $1.40–$1.45, a concentration that could prompt selling at break-even levels.
A confirmed move above the $1.40 zone would target a measured move toward $2.10, about 50% above current levels. Analyst ChartNerd posted that a “big move” could follow once resistance above $1.40 is cleared. Analyst John Squire wrote on X: “Buy $XRP with points. Spend it across millions of merchants in Japan.”
Traders and data providers are watching on-chain activity, trading volumes and holder behavior for signs of follow-through. For now, XRP is trading between the $1.27 support level and the $1.40–$1.45 resistance zone while adoption developments and social sentiment continue to be tracked.
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