Rope of Life is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Rope of Life is Unlimited.
YGOPRODeck lists Rope of Life for these formats: GOAT, OCG GOAT, Duel Links, Speed Duel, Speed Duel, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Rope of Life appears in Battle Pack 2: War of the Giants (BP02-EN176) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Rope of Life is about $0.07 on Cardmarket (prices change frequently).
