The red Zelda represents Yuri Kozukata, a female character wearing a red-and-gold patterned shirt who appears as the Assist Trophy enemy.
The red Zelda references how the Wii U version of Fatal Frame: Maiden of Black Water features a Zelda costume for Yuri Kozukata.
The stage and music track represent Hikami Mountain, a haunted mountain inhabited by hostile ghosts in Maiden of Black Water.
Other trivia:
This spirit's Support type references Yuri's appearance as an Assist Trophy in Super Smash Bros. Ultimate.
This spirit's Slumber Immunity ability references how the story of Fatal Frame: Maiden of Black Water takes place in a single night.
