Honorable Mentions:
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The potential for a surprise in the women's final four is less likely than it is in the men's Royal Rumble match. There are more surprises for who could win like John Cena, the Rock or even Shawn Michaels. I can't really think of any plausible surprises in the women's match that could win outside of Stratus and hopefully not a Bella.
I don't think Shayna Baszler would win, but an appearance certainly isn't out of the question. WWE's plans for her will revolve around when they have her drop the NXT Women's Title and when they want to pull the trigger on the feud between the two factions of Horsewomen. If they want to do it sooner, then Baszler could easily appear and last till the end.
Sasha Banks had a long run in the match last year but still isn't treated like a top member of the division. She's likely headed for a Women's Tag Team Title match of some form at Wrestlemania, so I don't think she'd win. She could make it to the final four though.
Trish Stratus will probably be in the match again since she's still in pretty good shape. She's probably the most revered female legend who can still lace up her boots. If she does make it to the final four, she'd be a threat to win it all. Whomever eliminates her might also set up a feud for April. Perhaps her and Lita face Bayley and Banks at Wrestlemania 35?
Nia Jax will always be treated as a physical threat to win battle royals just like the Big Show. But rarely do those types of superstars win rumbles. She can easily make the final four, but physically large superstars are often eliminated by scores of wrestlers. She'll likely be treated like a threat but she probably won't make it to the end.
And someone who has been treated like one of the top heels for the women on Raw, Ruby Riott could be a dark-horse to reach the final four. She's more than capable in the ring and will be a future champion.
I don't think she'll win the whole match but she's also one of the few women on the roster who could be a threat to either Asuka or Rousey at Wrestlemania. She's also an underrated talent that might be getting more of a push once she's finished tormenting Natalya.
Who do you think will be the final four women in their second rumble match?