I don't see why not. I've never seen this style before, but RL has been making Ricky bags for over 20 years and there are multiple iterations of the bag, aside from the classic satchel. So even though this isn't the classic satchel, it still has that iconic Ricky lock. I can't say if it's authentic or if RL ever made one, but that bag does seem to have impeccable details. You can read more about the Ricky on their website:
https://www.ralphlauren.com.au/en/node/381
(Side note: reading that article made me very proud to be the owner of a Ricky bag! I'm still loving mine SO much; it's totally my HG bag!)