This one has good reason to be considered as part of a ritual, though that video left out the main hints as it just had a guy stating the colors and what they likely meant, which would be a stretch.
To start there is a famous cave spot in a nearby location called “Lol-tun”, just outside a town named “Oxkutzcab”. I have been to Oxkutzcab (osh-coosh-cawb), and I don’t recommend it, but it gives great access to this cave along with close access to the BEST Mayan ruins you can ever explore - Uxmal.
Anyway, this other cave is interesting as it has human activity dating back over 7,000 years. There are many bones of various animals in here including bison, deer, wooly mammoths, camels, horses, and a giant ground sloth. Inside there are tons of cool rock formations such as hanging emeralds and columns that when you hit them make distinct musical sounds. There are also tons of paintings and scultpures, including Olmec statues and then later Mayan ones.
Included among these are two depictions of the underworld. One a warrior that pre-dates Mayan times that is thought to be guarding the passage to the underworld. And then there are paintings referencing the Mayan underworld (Xibalba). The reference to the underworld is not surprising as these references are scattered throughout the Mayan world when it comes to these caves and cenotes (mini-lakes within caves that go down deep to an underground river system - basically bottomless).
Within these paintings in the Loltun cave there is a dichotomy. One area has paintings with different human figures, various animals, plants, and other scenes. But in one section that is represented by the entrance to the underworld the only paintings are either black negative handprints (so hands placed on it and then black paint goes around the hand) or large black faces. There are about 90 of these handprints in Loltun. Interestingly, there are a number of six-fingered handprints here as well.
So now back to the cave in the OP. This cave is part of the same cave network (I think the largest such cave network in Yucatan?). Within this new cave there is also a carved image of a face and six paintings making reference to Xibalba. In this new cave all of the handprints are of the size to belong to individuals who would be coming of age. The meaning of the black and red colors are hypothesized by that researcher as far as I am aware, but seems fine. Because of the size of the hands and the underworld references there, I think I would probably call it coming of age ceremony, or a ritual, or a celebration, or a rite of passage, or something along those lines. But given the other imagery and what has been found in nearby caves this is not likely to be just some kids playing around.
TL;DR visit Loltun and Uxmal for once in a lifetime experiences that are way better than a guided tour of Chichen Itza or Tulum for the millionth time.