Ripple is in trouble. J.P. Morgan Chase, the biggest bank in the U.S. by assets, has announced it’s making its own cryptocurrency to rival Ripple’s XRP. That means Ripple’s plan to use crypto to do what traditional banks’ can’t, is looking precarious.

The ripple (XRP) price is so far holding up as investors await more news of the service but it has struggled over the last six months after being boosted by a raft of banks announcing they were trying out Ripple’s technology. It’s failed to hang on to those gains as banking partners seem to all but dry up.

Read More.. Source Forbes