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The 25-year-old France forward, who joined Real on a free transfer from Paris St-Germain in July, has struggled for form since arriving at the Bernabeu.
Mbappe has scored eight goals in 15 appearances for the La Liga club, but has only netted once in his past five games.
Real, who won the Champions League and La Liga last season, were beaten 4-0 by rivals Barcelona last month and trail the Catalans by nine points in the league.
“Mbappe is down like everyone else, but motivated to get through this moment,” Real boss Ancelotti told a news conference.
“The problem he’s having is everyone’s problem. You could point at Vinicius [Junior], Rodrygo or [Jude] Bellingham. It is a difficult moment for everyone.”
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