It is an excellent framework with gems to act as plugins (rack middleware) to serve websockets, forums, admin interfaces all with a few lines of configuration. Google, Microsoft, Facebook all maintain Ruby libraries in GitHub. So as long as you are doing Joe's textile website, it is the right tool.
Cloud scaling rails can be expensive, as apparent from horror stories [0] but a few manually managed instances with a load balancer and good web servers can go a long way.
It lacks development time relative to python which cater to domains such as data processing and artificial categorization. With extension libraries such as helix [1] which utilize rust to create native extensions and enough development time it has the potential to dominate those fields in the future.
One honorable mention is JRuby and while it isn't kotlin in terms of efficiency, it still lets you use Java libraries when you need any sort of domain libraries.
In conclusion, I'd say it is still pretty relevant today.
[0] https://news.ycombinator.com/item?id=5228200 [1] https://usehelix.com