Okay, I'm going to formalize a prediction. Point to this post and laugh if I'm wrong.
This was definitely not the end of Ralph. He still has some fans and can keep doing his show. However, he is a gambler. I think that his behavior makes sense if you remember Ralph has a gambling addiction and subscribes to Gambler's Fallacy and gambling behaviors outside of the casino.
He takes an L. Well that's just one L. He takes another. He keeps losing. He's down bad, only about 10% where he was before. Well fuck, he thinks. I need to go ALL IN. I need to bet my entire stack if I'm going to come back! It's all or nothing, baby!
I think that's where he's at. I think he really loves and respects Jim and still held on to a belief that after all this time one day Jim would ride in like a knight in shining armor and save him. "Hey Ralph!", he'd say, "Let's do a stream on [blood_enemy_here]! Together!" And then he'd be redeemed.
So now that's not happening. He's down so far it'd be a lot of hard work to slowly build something again. Fuck that. It's time to go all in, he can win everything back with a single decisive win!
Whatever that is I don't know. But it will probably be amazing.