Crypto analytics platform CryptoQuant reported that XRP burn activity increased from 361 XRP to 425 XRP within 24 hours, representing a 17.73% rise in network fees despite continued weakness across the cryptocurrency market. According to CryptoQuant, the increase occurred on June 20 as XRP continued trading near multi-month lows. While the burn rate does not directly determine price direction, the metric is often viewed as a sign of growing activity on the XRP Ledger.