Can you rip it with anything else? It's possible you have a bad disc.
What version of MC are you running? 20.0.132 is at the top of this board.
two discs I recently purchased fail like this. Both discs are from Pentatone, a label that markets it's recording excellence.
They will rip a song or 2 then the Failed notice.
I have a 3rd disc from them this month that ripped just fine.
All others discs rip perfectly. I rip all new discs I get, over 20 this month alone.
I have two different optical drives and these discs fail on both.