RSRUSD: 1D chartBroke out of falling wedge with local bottom and in current uptrend....possibly within the yellow channel as above.
Bullish price breakout above 0.0093 would be point I would look for possible long entry and continued uptrend.
Next resistance is 0.0082 level.
Watch for sideways movement within channel between 0.006 and 0.009 for quick scalping.
Also watch out for bearish reversal if it breaks bottom channel support line below 0.006
Good luck Traders!
RSRUSD trade ideas
Inverse H&S pending breakoutMACD is about to break through waterline on daily chart indicating positive trajectory, while we have an unconfirmed inverse head and shoulders which is bullish in nature and if confirmed can be expected to hit between 50-70% above the neckline of the pattern based of the pattern alone before encountering significant resistance.. These targets correspond to the 61.8 and 78.6% Fib retracement levels. The pattern will be confirmed WITH significant volume on breakout of the downward trendline
Reserve Rights Posts Surprise 200% Rally in 2 Days. What’s RSR?We’re in that period of the cycle where crypto is never dull. Amid all the hype of Bitcoin hitting $100,000 (spectacular in and of itself), a fairly small token is skyrocketing 200%, hitting a $1.2 billion market cap, and clawing its way into the Top 100 .
The trigger? Donald Trump. The President-elect has tapped a very special figure to become boss of the Securities and Exchange Commission. The crypto world welcomes Paul Atkins, a former SEC commissioner and a crypto bro. He has quietly been advising that same token we're talking about — Reserve Rights RSRUSD .
RSR in Plain English
Reserve Rights RSRUSD is a volatile coin part of a two-token stablecoin project built on Ethereum. Its mission? To help create a stable, decentralized currency that can replace volatile fiat currencies, especially in economies plagued by hyperinflation. Think Venezuela or Zimbabwe — places where you have to drop a pile of cash to purchase a cup of coffee.
The Reserve ecosystem uses two tokens:
Reserve Dollar (RSV) - A stablecoin pegged to a basket of assets like fiat, commodities and other cryptos. This is your boring, stable bud.
Reserve Right (RSR) - The volatile counterpart. RSR is used to maintain RSV’s peg and offers governance rights. It’s also the token that traders bet on, as seen by its recent moonshot.
What makes Reserve Rights interesting to traders and investors is its vision of financial inclusion. It aims to give everyday people in struggling economies a reliable alternative to crumbling national currencies, without needing to trust a central bank. Lofty? Yes. Achievable? That’s where the intrigue lies.
Enter Paul Atkins: Crypto’s Quiet Ally
Paul Atkins isn’t a stranger to regulation. As a former SEC commissioner, he earned a reputation for being pro-business and wary of regulatory overreach. Since leaving the SEC in 2008, Atkins has been advising banks, trading firms, fintech companies, and — since 2017 — crypto projects and crypto companies, including Reserve Rights.
If Atkins takes the SEC’s reins (there’s been some talk he’s a bit hesitant), it could mark a seismic shift in US crypto regulation. More like… deregulation. Atkins has long advocated for a more nuanced approach to digital assets, favoring innovation over stifling rules.
This doesn’t really mean anything for Reserve Rights. It’s just a project Atkins happens to have worked on. No official comments have been made as to whether this crypto would get any special treatment by the SEC under Atkins. In fact, all crypto could get vaulted to smoother paths to compliance and wider adoption.
One thing, however, could justify RSR’s explosive rally. Traders are likely imagining a world where the SEC supports projects like Reserve instead of slapping them with lawsuits (like Ripple’s XRP). It’s a potential regulatory dream scenario.
Why the Market Reacted So Strongly
But let’s get back to the updraft and the token's well-deserved place among crypto's Top Gainers : RSR’s 200% rally last week propelled the price from $0.009 to $0.026 in just a couple days. Tiny in price terms, but that’s because there are 53 billion tokens in circulation out of 100 billion max supply. Where you need to look is the market cap. And that’s grand — it shot up to $1.4 billion from less than $500 million.
All that good stuff wasn’t because the token suddenly discovered cold fusion. Markets move on perception, and Atkins’ crypto-friendly stance is a big deal. Traders see him as the potential captain who might steer the SEC ship away from stormy anti-crypto waters and into the cool breeze of loose regulatory guardrails.
The Catch: Real vs. Hyped Value
Before you mortgage your house for RSR ( don’t do it ), a dose of skepticism is in order. While Paul Atkins is undeniably crypto-friendly, his potential appointment doesn’t guarantee a green light for Reserve Rights or any specific project. Regulatory changes take time, and the crypto market generally likes to run ahead of events.
RSR’s fundamentals haven’t changed overnight. That makes the pump forward-looking, driven by headlines rather than anything concrete like adoption or utility metrics.
But even without Atkins in the chair, Reserve Rights has carved out a niche for itself since its launch in 2019.
What’s Your Move?
RSR’s recent rally might be tempting, but as any tried-and-tested trader will tell you, hype-driven moves are a double-edged sword. If you believe in Reserve’s mission and the potential for a crypto-friendly SEC, consider it a long-term bet. If you’re just chasing the pump, tread carefully — crypto has a way of humbling the overconfident.
So, what’s your move? Is RSR a hidden gem or just another token riding the wave of speculation? Let’s hear your thoughts — drop them in the comments below.
Reserve Rights $RSR Reserve Rights is used for staking to overcollateralize reserve stablecoins RTokens and govern their configuration via proposals and voting.
Team
Nevin Freeman CEO
Miguel Morel is the co-founder and CEO of Arkham. Prior to founding Arkham, Morel co-founded Reserve Protocol, a stablecoin designed for use in emerging markets and hyperinflationary economies.
and others
Investors Coinbase and Paypal, and others
TVL
Just start growing
Positioning and development RWA
Structure - We can see how this works in the chart on the left.
First, Pre-pump after pump and super-pump
This is a chart from the 2020
From a technical point of view of the project. they have made a lot of progress.
From a token point of view, they know how to make pumps
Funds are still holding the project's tokens
With a good market, they should be the leaders in the RWA sector in terms of growth performance
I have this project in my portfolio
Best regards EXCAVO
RSR - Neutral to slightly bullishRSR - Neutral, looking for a hold around 0.0044 to 0.0054 for sideways action that tops out around 0.0065. Fear & greed index not quite to peak fear where I like to buy. MACD - not much momentum. I expect some sideways action as RSR further consolidates with a slight upward bias for next week.
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After a strong preload, the price was able to break through the wedge, in the short term, I think the priorities are ascending to 0.236, then it will be possible to enter from the retest of the upper border of the wedge of $0.006
RSR/USDT LONG - 90% profit in less than an hourIn this market, selling too early is not a thing in my opinion. get in and get out.
I have had my eye on this play for a couple days now since it hit my scanners with the "Impulse1" as seen, I set my limit order shortly after seeing it begin to retrace and left it to do it's thing. Just been waiting patiently for my entry down here on support. Unfortunately there was no VPT for entry, but we still got a near perfect entry on the wick.
Honestly I was out walking when this limit hit, I got back home too my computer to see that my discord chat were having conversations about bad CPI numbers and BTC was dumping. Helps to have a community!
Catalyst for entry was bad CPI numbers that then dumped BTC right into my long limit order.
In a bull run I'd have been holding this play for some kind of continuation breakout into a secondary impulse, buuuuuuuuuut with these weak markets I am staying away from holding for too long and looking to take profits when I have them, even though I still feel that BTC is going up from here before we head down lower.
#RSR to 0.07$ | NEW ATH | #RSRPERP #FTXHello, my dear padawans,
If RSR is able to break this trend line, and if and only if BTC stays above $54000 level, it will definitely try to break its own ATH before December 2021.
please do not take this as a piece of financial advice!!!
let's see what is going to happen.
and I would love to get your ideas about this preview.
cheers!
may the force be with you!