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Although Madrid have a small chance of winning, but three points must be obtained in the remaining matches of their season. This is to keep them at number two. Of course there is prestige that must be maintained from the one-city club Atletico Madrid. In addition, if you look at the league match schedule, Real Madrid will not have a heavy opponent.
Of course they can focus on the Copa Del Rey and I'm sure they will win the Copa Del Rey. As for UCL they are experienced and I believe they are capable of reaching the Final.
I agree with you, mate. Real Madrid must show their best form for the rest of the season even though they don't have a big chance to win the La Liga title. There is prestige involved in each of their matches, that is what they will always strive for. Of course it would be a shame if a team like Real Madrid could be beaten by most of the bottom teams, so Ancelotti also needs to avoid that for the rest of the season. There is a record they need to pay attention to, it will also be a plus for Ancelotti in his coaching career.
Real Madrid's struggle in La Liga is likely to be just a miracle, but the Champions League and Copa Del Rey are still very likely to be hoped for. I have no doubts about the ability of this team in the Copa Del Rey, but in the Champions League I don't think they will be much favored this season over Manchester City.