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From the text, that seems like a good interpretation. I think that as well. Just because things are going badly, doesn't mean they will overcome all good.

For you are fully aware that the day of the Lord will come like a thief in the night. While people are saying, “Peace and security,” destruction will come upon them suddenly, like labor pains on a pregnant woman, and they will not escape. But you, brothers, are not in the darkness so that this day should overtake you like a thief.…

And the text of Revelation was just as true in the first century as it is today. soon come to pass makes it clear that there is an urgency to read the message.