Key Takeaways
Reserve Rights (RSR), the token that helps back the RSV algorithmic stablecoin, shot up in December 2024 following rumors that one of its advisers, Paul Atkins, would be made the new chairman of the United States Securities and Exchange Commission (SEC).
On Dec. 4, 2024, RSR was worth about $0.0189.
Let’s examine our Reserve Rights price predictions, made on Dec. 4, 2024. We will also examine the Reserve Rights price history and discuss what Reserve Rights is and what it does.
Let’s look at the RSR predictions made by CCN on Dec. 4. The predictions will be made using the wave count method. 20% will be added and removed from the final targets to create the minimum and maximum RSR price predictions.
Minimum RSR Price Prediction | Average RSR Price Prediction | Maximum RSR Price Prediction | |
---|---|---|---|
2025 | $0.019 | $0.024 | $0.029 |
2026 | $0.0032 | $0.004 | $0.0048 |
2030 | $0.011 | $0.012 | $0.013 |
The most likely wave count suggests that RSR completed a five-wave decline after its all-time high in 2021 (black). Then, an A-B-C structure (white) was started, and it is currently in wave C.
If wave C is 1.61 times longer than wave A, RSR will reach a high of $0.038 before falling. The Fib Time Zone tool suggests the high will be reached in January.
Afterward, RSR could begin a lengthy correction, such as the one after the all-time high.
During these projected upward and downward movements, the wave count method gives RSR price targets of $0.024 and $0.004 for the end of 2025 and 2026, respectively.
Then, we will use the daily rate of decrease since launch to make an RSR price prediction for the end of 2030. RSR has fallen 30% since its launch in August 2020. Projecting this decline until the end of 2030 leads to a target of $0.012 for the end of 2030.
The wave count gives an RSR prediction target of $0.019 to $0.029 for the end of 2025.
The wave count gives an RSR prediction target of $0.0032 to $0.048 for the end of 2026.
The daily rate of decrease since launch gives an RSR price prediction target of $0.011 to $0.013 for the end of 2030
The weekly time frame chart shows that RSR has increased since September 2023. The upward movement caused a breakout from a long-term descending resistance trend line that existed since the all-time high of 2021. This means the previous correction has ended, and RSR has started a new upward movement.
To confirm this further, this week, the RSR price closed above the $0.0092 horizontal resistance area. If the upward movement continues, the next resistance will be at $0.0440, 160% above the current price.
Technical indicators support the upward movement. The Relative Strength Index (RSI) is around 70, while the Moving Average Convergence/Divergence (MACD) has made a bullish cross and is positive.
So, weekly time frame readings suggest RSR will continue increasing toward the next long-term resistance.
The RSR price prediction for the next 24 hours is bullish. RSR will likely continue to increase toward the next resistance at $0.044.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 4, 2024, Reserve Rights’s ATR was 0.002421, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 4, 2024, the Reserve Rights RSI was at 69, indicating bullish conditions, with RSR almost, but not quite, overbought.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 4 2024, Reserve Rights scored 70.2 on the CCN Index, suggesting momentum strong enough to lead to a trend shift.
Let’s compare Reserve Rights to other cryptos linked to stablecoins.
We looked at the Reserve Rights price history and found the best times to buy RSR.
Day of the Week | Friday |
Week | 7 |
Month | February |
Quarter | First |
Now, let’s examine some key dates in the Reserve Rights price history. While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret an RSR price prediction.
Time period | RSR price |
---|---|
Last week (Nov. 27, 2024) | $0.009114 |
Last month (Nov. 4, 2024) | $0.005821 |
Three months ago (Sept. 4, 2024) | $0.0052 |
One year ago (Dec. 4, 2023) | $0.0031 |
Five years ago (Dec. 4, 2019) | $0.001596 |
Launch price (May 25, 2019) | $0.003348 |
All-time high (April 16, 2021) | $0.1189 |
All-time low (March 16, 2020) | $0.001247 |
Market capitalization, or market cap, is the sum of the total number of RSRs in circulation multiplied by their price.
On Dec. 4, 2024, Reserve Rights’ market cap was $1.05 billion, making it the 112th-largest crypto by that metric.
On Dec. 4, one wallet held more than 25% of the RSR supply.
As of Dec. 4, 2024, the five wallets with the most RSR were:
Supply and distribution | Figures |
---|---|
Maximum Supply | 100,000,000,000 |
Circulating supply (as of Dec. 4, 2024) | 53,291,915,404 |
Holder distribution | Top 10 holders owned 68.84% of the supply as of Dec. 4, 2024 |
In its technical documentation, or whitepaper , Reserve Rights says most stablecoins are “flawed”.
It adds: “A widely used stablecoin should implement an exchange rate peg to a fiat currency first and a basket of assets later, using off-chain foreign collateral that has been tokenized by various issuers.
Furthermore, we believe that open exploration and competition can lead to discovering the best type of basket and governance system for ideal on-chain money. There’s a lot to explore, and it’s better not to keep that under the control of the initial founding team. For this reason, the Reserve protocol is entirely permissionless—allowing anyone to deploy a Reserve stablecoin (RToken) with their preferred collateral basket, governance system and revenue distribution.”
The Reserve crypto platform is ultimately based around a stablecoin. The Reserve (RSV) coin aims to stay as close to $1 as possible in value and is backed by various cryptos.
While RSV is not backed by fiat itself, it needs a way to ensure that its value does not get too high or too low. To do this, it does one of two things. If the coin gets too high, RSV is burned. If it gets too low, then that is where the system’s other crypto, Reserve Rights (RSR), comes in.
RSV is sold for $1 worth of RSR, which, at least in theory, should bring its price back up.
RSR is based on the Ethereum (ETH) blockchain, meaning it is a token, not a coin. You might hear references to Reserve Rights coin price predictions, but these are wrong.
RSR helps support the RSV stablecoin. If the value of the collateral is too low, then new RSR coins get added to the circulation and are sold for the other cryptos that make up the collateral. One of the reasons that the Reserve system uses other cryptos, which can be very volatile, rather than fiat, which is theoretically more stable, is that if the value of the dollar starts to go down, then the collateral can pick up the pieces, thus making it a so-called true stablecoin
It’s hard to tell right now. While RSR is at its highest level in more than two years, we don’t know whether or not the reports that Donald Trump wants Reserve adviser Paul Atkins to lead the SEC—which triggered the price climb—are true or if Atkins would accept Trump’s offer. Not only that, but after what happened to LUNA in 2022, it is still rather hard to see who might be enthusiastic about crypto linked to what is basically an algorithmic stablecoin.
As always, with crypto, you will have to do your own research and remember that prices can go down as well as up.
No one can really tell right now. While the Reserve Rights crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Reserve Rights, you will have to do your own research, not only on RSR but also other related coins and tokens such as Maker (MKR). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
If RSR ever reaches $0.10, it won’t be until at least the 2030s. Reserve Rights helps support the RSV stablecoin. People can also buy, sell, and trade it on exchanges.Will Reserve Rights reach $0.10?
What is Reserve Rights used for?