No, there are enough. They just need to finish their retcon with all the places and regions within Runeterra. They have plenty of room to release a couple to half a dozen of champions per faction. As you said, Plague Jungles and Kumungu could have 2 or 3 more champions.
We could have another one from Shurima.
There is still an old sage trope spot that needs to be filled.
Reworked champions could become more amazing champions.
There are subfactions within faction such as the Houses in Demacia which all should have at least a champion (House Spiritmight doesn't).
You never know what's lurking within Noxus and Zaun.
Piltover could use more champs.
Doesn't hurt to release another yordle champ.
And a few more factionless champs cand be released.
Could get one of Zed's students.
Or a released demon from one of Thresh's artifacts (when he was alive).
I think we've got at least another year and a half's worth of spots in Runeterra which can be easily filled with new champions.