And this weekend they have the chance to add another piece of silverware to the famous Ibrox trophy cabinet.
Just days after wrapping up their 56th domestic league title, Ally McCoist will lead his side in the Ramsdens Cup final aiming to take another step towards would could yet become a remarkable treble.
The William Hill Scottish Cup semi-final with Dundee United next weekend will provide the SPFL League One champions with a far sterner test than Raith Rovers on Sunday but it is the Easter Road clash that dominates McCoist's agenda this week.
For a club which has won 33 League Cups, 27 Scottish Cups and was competing in a European final just six years ago, lifting the third knock-out silverware in Scottish football will not rank amongst their most cherished achievements in the grand scheme of things.
But if Grant Murray's side can be overcome in the capital, it will mark another important step in the right direction.
"It is a cup final so it is a game you want to win and a trophy you want to win," former Rangers defender Marvin Andrews told SportTimes.
"It doesn't matter what competition it is, when you get to the final you want to lift the cup and get a winner's medal. When you are at Rangers, you have to win.
"There is an expectation to win games, to win leagues and to win cups. You have to be successful at Rangers.
"The players and the fans won't worry about the size of the cup, their objective is to win it and they will do their best to win it.
"It is two clubs that are close to my heart. Raith were my first club in Scotland and I had a couple of really great years at Rangers.
"It is two great clubs and I wish that both of them could win. May the best team win. I will sit in the middle and wish them both the best."
Despite facing Championship opposition, Rangers will be firm favourites to lift the silverware on Sunday and add a Ramsdens winner's medal to their League One crown.
McCoist does not have his problems to seek middle to front as he battles with a lengthy injury list that could deprive him of a host of key attacking options.
But Andrews is confident there will be no problems at the other end of the field as captain Lee McCulloch and partner Bilel Mohsni look to halt the Rovers forwards.
"The two of them have been really solid," he said. "You need to build a good team from the back.
"It is the attackers that get most of the headlines for putting the ball in the back of the net but you need a solid foundation with a strong goalkeeper and back four to get you to titles and cup finals.
"Mohsni and McCulloch have both done really well and they have kept loads of clean sheets. They have come up with important goals as well."
With the title already wrapped up, Rangers will find themselves facing Championship opposition on a far more regular basis next season.
The Gers are now just one division away from completing their journey back to the top flight and Andrews reckons Sunday will prove a useful learning excerise.
He said: "It will give them an indication of how they will fare when they go up.
"It will give Ally an idea of what they can expect next season but I don't think it will give you the whole picture.
"Cup and league games are very different, teams play differently and everyone will be at their maximum to try and lift the trophy.
"It will give them a rough idea but it will be different come next season in the Championship."