Does a ripped cd onto a digital format sound better than the cd played on the cdp

Without question if you have a good dac and good digital cable 
for sure itis cleaner . I use solid state drives what aredead quiet no moving parts , with a CD youhave aspinning disc that  the cdreader  has to buffer to read,reread for errors and makes a educated guess on some bits. Cd players can sound very good .
but a dedicated hard drive ,solid state with ripped files done correctly  for sure is better in every way dB Poweramp is a verygoodripping source

 @audioengr Steve do you have a similar excellent but also affordable optical cable ?

Depends as everyone says on streamer etc. I like others use XLD with massive correction to rip and on my streamer it sounds a world apart better ..... but SACD on my Arcam CDS50 was pretty special. 

Streamer lets you get into Hi res files like 24 bit downloads which again step up. I also make a 24 bit recording (just side a / side b) of every new record I get as 24bit was files and I can then stream this throughout flat rather than just in main music Lounge.

BUT - so many cd are great quality
and if happy spend it on music.

Was going to add Arcam CDS50 is both SACD/cd and streamer and a bloody bargain for sound quality. 
90% as good as my Linn Klimax Digital streamer and cheap cheap