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XRP Ledger explained: how it works, key features, and practical tips for holders and buyers

Protocol Fundamentals
20 Sep 2026
CryptoTicker
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XRP Ledger explained: how it works, key features, and practical tips for holders and buyers

The article explains the XRP Ledger, the blockchain behind the cryptocurrency XRP, highlighting its unique consensus mechanism without mining, fast transaction finality, and low fees. It clarifies the distinction between the XRP Ledger (the network), XRP (the cryptocurrency), and Ripple (the company holding much XRP). Practical details include the mandatory account reserve, the importance of destination tags for exchange deposits, and the built-in decentralized exchange on the ledger. It also covers how XRP transactions burn a small amount of XRP, the process for amendments without hard forks, and tax considerations for German holders. The article advises buying XRP on licensed EU exchanges, self-custody tips, and cautions about the network's centralization criticisms and the lack of price forecasts due to uncertainty.

XRP is currently priced at Rp24.435 on Pluang, showing a 2.65% decline in the last day. As of Sep 20, 2026 16:31 WIB, the market cap stands at Rp1.545,74 trillion with a 24-hour trading volume of Rp58,85 trillion, and Pluang users hold XRP for an average of 71 days.

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