It might be a future version of someone who has been corrupted. This person travels back in time to stop Jaune's children from making the future better. They are jealous of the future that Jaune's family will create and want to make it a dark and desolate place instead. They could use their knowledge of future technology and magic to try and thwart the children's every move.
It could be a time - traveling villain who wants to change the past to suit their own evil purposes. Maybe they want to stop Jaune from ever becoming a hero so they can rule the future world unopposed.
It could be Cinder Fall. She's always been a major villain in RWBY. She might be the one who arranges for Blake and Jaune to be banished as part of her evil plan to gain more power or cause chaos in the world of Remnant.
Cell could be a great antagonist. Imagine Goten travels back in time to before Cell was complete. Cell could sense Goten's power and try to absorb him to become even more powerful. This would put Goten in a tough situation where he has to avoid Cell while also trying not to disrupt the timeline too much.
It could be a time - traveling villain who is trying to disrupt the timeline for their own gain. This villain might be trying to erase certain events or people from history to change the future in a way that benefits them.
It could be a time - traveling sorcerer who wants to change history for his own evil purposes and sees Achilles as a threat. The sorcerer might try to stop Achilles from getting back to his own time or use his knowledge of the future to his advantage against Achilles.
A time - traveling bounty hunter could be the main antagonist. He might be after Lucy because she has somehow disrupted the time - space continuum. He's cold - hearted and will stop at nothing to bring her to some time - traveling justice.
Perhaps an ancient evil that was sealed away long ago but is released due to Temari's time - traveling disruptions. This evil entity then starts causing chaos in the past, and Temari is the only one who can stop it with her modern skills and knowledge.
It could be a time - traveling villain from the future who wants to change the past to gain more power in their own time. They might try to stop Naruino from achieving their time - travel goals.
It could be a dark wizard from the past who has the power to manipulate time. This wizard might see Natsu and Mira as threats to his plans to change the past for his own evil gains. He would try to stop them from interfering with his time - related schemes.
Dr. Wily would be a very likely main antagonist. He could be using time travel to his advantage, for example, going back in time to steal important technology before Dr. Light discovers it. This would give him an even greater edge in his evil plans in the present or future.
It could be an alternate - version of Tony Stark from a different timeline who has gone rogue. This version might have different values due to the differences in his timeline's history and is now causing problems in the main Stark's timeline.