Is Reality Ripple legal in Standard, Modern, and Commander?

Reality Ripple is legal in: Legacy, Vintage, Commander, Pauper.

Reality Ripple

Q: What type of card is Reality Ripple?

Reality Ripple is an Instant. Its oracle text reads: "Target artifact, creature, or land phases out. (While it's phased out, it's treated as though it doesn't exist. It phases in before its controller untaps during their next untap step.)"

Instant

Target artifact, creature, or land phases out. (While it's phased out, it's treated as though it doesn't exist. It phases in before its controller untaps during their next untap step.)

Set Mirage

Rarity Common

Artist Alan Rabinowitz