Answer:
Unlikely. Jack the Ripper was the name given to him based on an anonymous letter sent to the London Metropolitan Police, which was signed with the moniker Jack the Ripper.
Rip was the common term for gangs of thugs that roamed the Whitechapel district of London, extorting prostitutes for protection money. The author of the letter likely picked the term from the common usage 'High Rip Gang'. Prior to being named Jack the Ripper he was known only as the Whitechapel Murderer.