The Gers will take on Old Firm rivals Celtic in the semi-finals of the prestigious cup competition at Hampden Park in Glasgow on Sunday afternoon.
Former Rangers midfielder Ferguson believes that Mark Warburton’s side can get the better of the Bhoys.
The former Scotland international has also suggested that striker Kenny Miller should be played down the middle against Ronny Deila’s team.
“Who will win this one?” Ferguson wrote in The Daily Record. “Well, Celtic are favourites but that brings its own pressure and it’s up to Ronny Deila’s squad to prove they can cope with the expectation being piled on them by their support.
“However, I still believe Rangers can cause a shock, although the loss of Harry Forrester is a blow because it will be midfield where the game is won.”
“Kenny Miller must play through the middle,” added the former Birmingham City man. “Yes, he could drop out to the right but Rangers would lose so much of his fine movement through the centre so he’ll be at the forefront of their attacking options.”
Miller is a very experienced player and he needs to start for Rangers against his former club Celtic.
The Scottish striker has been playing well for the Glasgow giants this season, and he could prove to be a key player for the Gers.
Celtic will head into the tie against Rangers as favourites, but Warburton’s players do have the quality to raise their game and win the game.
An early goal for Rangers could make things very tricky and awkward for Celtic.