What happens when XRP is burned?

Could you please explain what happens when XRP is burned?" I'm quite curious about the concept of burning XRP. I understand that in the cryptocurrency world, burning coins or tokens can have significant impacts on the overall supply and value of the asset. But I'm not entirely sure how it works in the context of XRP. Does burning XRP mean it's permanently removed from the system, or does it just become inactive? And what are the consequences of burning XRP for the XRP ledger and its community? Would it increase the value of the remaining XRP in the market? Or would it have other effects, like reducing inflation or changing the distribution of wealth within the XRP community? I'd appreciate it if you could break down the process of burning XRP and its potential impacts on the XRP ecosystem in a simple and understandable way. Thank you!