The Magpies have shown signs of promise in recent weeks.
The surge of optimism following last week’s 6-2 win over Norwich was dampened on Sunday in a Tyne-Wear horror show for the Magpies.
Steve McClaren’s men had looked in control before the controversial sending off of Fabricio Coloccini turned the tide and saw them succumb to a 3-0 defeat at the Stadium of Light.
Redknapp was impressed by what he saw in the first half from Newcastle however, and believes they have as good a chance as any of avoiding relegation.
“They played well first half (against Sunderland), they looked good but the penalty and sending off changed everything,” said the ex-QPR boss, on the ‘Alan Brazil Sports Breakfast’ show on talkSPORT at 09:00 this morning.
“I think they’ve shown enough to suggest they’ve got a chance but it’s going to be tight down there.
“There’s going to be six or seven teams scrapping away in that relegation battle and at the moment, you wouldn’t really like to call it.”
Despite Sunday’s disappointing result, there is the sense that Newcastle may have reached a turning point, with McClaren finally settling on his best XI and those players finally buying into his methods.
As ever, squad depth remains an issue, with very little in reserve should any of the Magpies’ key men be struck down by injury, and maintaining the fitness of their first-choice front six will be crucial if Newcastle are to keep hold of their Premier League status.