market_update

亮点
XRP价格可能会因情绪从“否认”阶段转变为“焦虑”阶段而下跌。
分析师预测价格将跌破2美元，1.91美元和1.73美元为关键支撑位。
在最近的加密市场崩盘后，死亡交叉形态出现后，交易者兴趣下降。
一个看跌的技术图表形态可能开始生效，触发XRP价格跌破2美元。根据一位分析师的说法，在加密市场的极度恐惧情绪中，长期持有者和鲸鱼已转向焦虑阶段。

一位市场分析师指出了两个可能给XRP带来麻烦的移动平均趋势，但也发现了一个积极的迹象。
值得注意的是，这一警告来自于“Steph is Crypto”，一位知名的市场评论员，在持续的下行趋势中，这一趋势影响了XRP和更广泛的加密市场。作为背景，XRP在过去一周内下跌超过14%，目前交易价格为$2.14，比7月的年度高点$3.65下降了41.3%。
尽管经历了数周的熊市价格走势，Steph发现更陡峭的下跌仍可能在地平线上。具体而言，这位市场分析师关注了围绕XRP的50周简单移动平均线(SMA)的熊市价格走势，历史趋势表明，进一步的下行仍可能发生。

#Market_Update
Federal Reserve Governor Christopher Waller is keeping the financial world on alert, suggesting that the central bank "might" potentially reduce its balance sheet again in the future. Speaking on November 19th, the Governor's remarks, as reported by Xinhua News Agency, underscore the Fed's ongoing, complex path toward normalizing its monetary policy following years of aggressive expansion.
A Nod to Quantitative Tightening
The Fed's balance sheet, which swelled dramatically after the 2008 financial crisis and again during the COVID-19 pandemic, remains exceptionally large, holding trillions of dollars in Treasury securities and mortgage-backed securities (MBS). The process of reducing the balance sheet, known as Quantitative Tightening (QT), is a key tool for tightening financial conditions and complementing interest rate hikes. 
While the Fed had previously undertaken a period of QT to shrink its holdings, Waller's comments suggest that even after that effort concludes, the central bank may not be finished. The ultimate size of the balance sheet is tied to the level of bank reserves deemed "ample" to ensure smooth functioning of the overnight money markets. Waller has previously indicated that the balance sheet may not need to shrink to pre-crisis levels, but he is a proponent of a continued, gradual reduction. 
The Long Road to Normalization
The suggestion of another potential round of balance sheet reduction indicates that Waller and some of his colleagues believe there is still excess liquidity in the system. The Fed's objective is to move away from the emergency measures taken over the last decade and return its policy framework to a more conventional structure.
For investors and markets, the possibility of renewed QT introduces an element of long-term uncertainty. Shrinking the balance sheet reduces the Fed's demand for long-term debt, which can put upward pressure on longer-term interest rates and affect the cost of borrowing for consumers and businesses. While the immediate focus is on interest rate decisions, Governor Waller's remarks serve as a crucial reminder that the Fed's balance sheet remains a powerful, active tool in the central bank's efforts to achieve its inflation and employment mandates.