Jimmy Floyd Hasselbaink's men currently find themselves 12 points adrift of the Championship's top six.
The Hoops currently sit in the bottom half of the table, 12 points behind Derby who occupy the final play-off spot in the division, but Faurlin insisted that Rangers can still claw back the gap that separates them from those that are in the promotion picture.
"We haven't really had a run of results to make that kind of pressure yet. Win four or five games and things change around; you suddenly have confidence," he told Get West London.
"In the Championship it can happen.
"I think the main aim for us now is trying to get some consistency in how we want to play, what we want to do on the pitch and back up that progress with results."
While the 29-year-old is confident that Jimmy Floyd Hasselbaink's men are capable of bringing themselves into play-off contention, their current form would suggest that they have plenty of work to do if they hope to move up the table.
Since the start of December, they have won just three of their last 13 league games. And in their last encounter, they fell to a 3-1 home defeat to local rivals Fulham, who sit five places below them in the table.
However, they arguably have the perfect fixture ahead of them if they hope to start putting a promotion challenge together as they come up against the division's bottom side Bolton Wanderers this weekend. A victory against the Trotters could see Hasselbaink's men move into the top half of the table.
And while Neil Lennon's side have really started to show that they may be up for the fight of trying and beat the drop, Rangers need to start being ruthless and bagging wins against those teams below them in the table if they hope to keep their season alive.