I'm having trouble getting to it, I cant' even see it. I am on this purple and white bone or rock and I found a small room where the waypoint is (I zoomed in) and I don't see the little purple purse. This is my 11th purse so I know what they look like. I saw the youtube video it should be in here somewhere.
geeerrr finally got in you need to jump on the horn and jump just right into the hole where the purse is and apparently there is a platform one could just "walk on in" if only I knew how to get ON the platform...
follow this video to https://www.youtube.com/watch?v=G55smPwwCXU to 0:40. DO NOT JUMP OFF. Keep hugging right side pased the spikes, and a bit of wall. There's usually 3 small mobs in the corner in front of a tiny opening to the right. Kill mobs, go into small opening, and then inside the next tiny room is the purse.
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:P 
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