I recommend trying this mame port made for Xbox 360 with the emulation of some Namco 22 classics (the list and games support is in progress)
The direct link to the v1.0.x distribution is in the video
Fixed an issue that prevented rebinding the gear shifter buttons.
Fixed the Ridge Racer 2 Rear View camera clipping through the road on the downhill towards coastline.
Increased in game audio volume Fixed an issue that prevented people joining a lobby that was more than 10 minutes old.
XBOX360 Ridge Racer 1, 2 and Rave Racer, 60fps HD 16:9 rendering.
Free Online Play.
Steering wheel support.
Use latest Xenia & configure (Xinput for Dpad or enable and map your Keyboard, see FAQ)
https://github.com/xenia-canary/xenia-canary/wiki/Options#user-content-Keyboard_Mode
https://github.com/xenia-canary/xenia-canary/releases/download/4fcb8e4/xenia_canary_windows.zip
Netplay build :
https://github.com/AdrianCassar/xenia-canary/releases/download/v5.0.0/xenia_canary_netplay_windows.zip