We can’t be so sure yet and teams like Real Madrid are not the type that usually gives up easily. They fight to achieve what they want until the last minutes in the competition. They as a team do not really have time to listen to critics of how their performance is, but they keep practicing to come out better and victorious in their coming match. I have watched Real Madrid for years now and they’re not the type of team I think will finish the season with this current form they’re exhibiting. It may take time but I still see them as a title contender for the champions league because of their past record and resiliency as a team.
Indeed. Real Madrid is always a tough team, they won't give up to get the best result in this competition. Even if they are in 20th place, they will keep fighting to reach the final stage of the competition. Sure, the must improve their performance if they want to get the best result. I'm very sure Ancelotti has evaluated many things to change Real Madrid game. Although there are many critics from the fans, Real Madrid will handle it wisely. I also still believe in Real Madrid and their great records for many years. If we really support them, just wait for their return to the best performance... 
Source: Ancelotti