yes, but not only ripple. all altcoins will experience the same thing if bitcoin is being pumped. ripple is having a slightly bigger impact because XRP has already completed its snapshot, people are sure to sell it right away to buy a more profitable altcoin. but look at today the ripple has started to return after yesterday's decline.
It should be remembered that according to the snapshot, only 15% of the Spark issue will be distributed. The remaining tokens will be distributed among those XRP holders, depending on the duration of the hold. Therefore, those who bought XRP only to participate in airdrop are now making the mistake of dumping XRP