A new and distinct Echinopsis cultivar named ‘Ruby Starlight’ is disclosed, characterized by distinctive ruby red flowers in a triple whorl, occurring between March and July. Offsetting begins at an early age, producing clusters of peanuts more quickly than comparable varieties. Plants are fast growing and very free offsetting, resulting in both improved propagation rates and improved finished plant production times. Echinopsis is an ornamental cactus, useful as an indoor ornamental plant and outdoors in warm climates.