Im a little bit confused as Im new to this my friend is making a fortune from ripple but not actually owning any as he is investing in it, is this better then having ripple sitting in a wallet?
I don't really understand the question, but I'd stay away from Ripple right now.
I think the OP means that a friend once bought ripple when it was cheap and now earned good profit from it, but holds it on an exchange o something. ANyway, the idea is that till you sell your coins for fiat, you might think that you don't really own them, since no 'real' money is still yours. Thus, the question is about whether now is good time to sell ripple. I think that is the profit is about 5x then yes, but it all depends on one's ambitions and plans for the future.
I sold ripple when it was worth $1 and made only 2x profit. Every day I hope it'll fall down so that I can buy some coins, but I find out that it only grew again. What do you guys think? Is now still good time to buy?