The waterfall shows you how quickly each frequency decays (or inversely how long it „rings“ ie is present).
I think it doesn’t look bad at all. The ringing below 40Hz is some 20dB down. And above 40Hz, hardly extends beyond ca 400ms. Personally I would even leave it as is. If you are happy too, don’t sweat it.
Bass traps, which take care of frequencies below 40Hz are huge unwieldy things (size correlates to the wavelength of the frequency you want to treat). You have to first decide if you want those in your room. And there are also other downsides to their use (no free lunch).
If you can get your hands on Floyd Toole „Sound reproduction“ read the sections on Room Modes, Sub Placement, Room Treatment and Decay Times.