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?
Many people have many opinions. Personally, I like this coin, though, because I bought a Ripple, when its price was 0,3$. And still hold them. Periodically bringing in the cash and buying new altcoins part of the profits.
Observing the correct strategy for you in 90% of cases will be a profit. Buy coins when they are in drawdown, to sell when they are high.
Ripple for the last month has greatly increased, so you should wait for correction and then buy.