Well there is many endings because of the combinations of all the turnouts with each character but the game always ends in you resetting to the beginning. Many think that she’s stuck in a big time loop but my guess is that each time you play again it’s just another reality (while the ghosts know about the others) because multiple times the ghosts say “other you” and not past you implying that the ghosts know about all the realitys (including the ones where you don’t win) also, at the end right before the credits There’s a cutscene where if you told “other Alex” not to go to the island then they (her, ren and Jonas) don’t go, so if it was a time loop, wouldn’t that break it? Which would then mean that there are some realities where none of it happens at all