While the Portugal international declared respect for the Reds, he feels Madrid have the edge, per AS.
"Finals are always special occasions: I would have preferred it to be Manchester United. But Liverpool deserve respect. We're not going to have it easy. They deserve to be in the final. They remind me of Madrid three or four years ago. Their three front players, they're very quick… they are powerful in attack and I respect them. But Madrid are better. We have to play to our level, but we also have to respect the opposition."
A win for Los Blancos would also see Ronaldo become the first player to win the Champions League five times, per UEFA:
Real Madrid have won the trophy three times in the last four seasons and twice in the last two seasons. However, they have looked vulnerable this season even though they have managed to make it to the final again.
Freelance football writer Colin Millar neatly summed up their campaign:
Colin Millar @Millar_Colin
What is most striking about this Real Madrid team is their composure: they never get flustered. Fall behind twice against Bayern, twice against Barca, against PSG and Juventus, but always find a way. This is the prevalent quality for any side with hopes of European success.
Madrid seem to have the ability grind out results even when they are playing poorly, as noted by Barcelona star Lionel Messi.
"Position by position, Madrid have the best players in the world," Messi told TyC Sports (h/t Sam Marsden at ESPN FC). "[Barca] do as well, but Madrid have something that only they have. When they play badly, they still get results. We have to be the far superior side to win."
The European champions also possess plenty of match-winners. Ronaldo often reserves his best for the big games, while Isco, Marco Asensio, Gareth Bale and Karim Benzema are all capable of making a difference.
Liverpool will have their work cut out if they are to put an end to Madrid's success in the tournament. Their record against Los Blancos shows they have reason to be optimistic, as noted by Squawka Football:
Jurgen Klopp's side have been prolific in the tournament, and an attack containing Mohamed Salah, Sadio Mane and Roberto Firmino should cause their opponents problems.
However, defensively Liverpool have had issues. They conceded six goals over two legs against AS Roma in the semi-final. Luke Edwards at the Telegraph also said the Reds tend to tire towards the end of games:
The game looks to be nicely set up with two teams who love to attack.
Madrid have the edge when it comes to experience and also have the more star-studded squad. However, Klopp has built a vibrant team that thrashed record-breaking English champions Manchester City on the way to the final.