If $r\le -1$, then
$$\lim_{n\to\infty} r^n$$
does not exist. The sequence does not converge. Note that for $r=-1$, the terms of the sequence are alternately $-1$ and $1$. If $r\lt -1$, and $n$ is large and even, then $r^n$ is large positive, while if $n$ is large odd, then $r^n$ is large negative.
If $-1\lt r\lt 1$, then the sequence converges to $0$.
If $r=1$, then the sequence (clearly) converges to $1$.
For $r\gt 1$, there are some differences in the terminology that people use. You would have to check how the behaviour of the sequence $(r^n)$ is described in your book or notes.
Everyone of course agrees about what happens to $r^n$ as $n$ gets very large: it blows up.
Some people would say that in this case the sequence diverges, or does not converge. Because there is no real number $a$ such that $\lim_{n\to\infty} r^n=a$, they would say that the limit does not exist.
Some people would say the sequence diverges to $\infty$, or to $+\infty$
Some people would say that it converges to $\infty$, that the limit exists and is $\infty$, or $+\infty$.