Confused by locating presets on Camera Raw through Bridge

Hi! Any help would be massively appreciated. I finally made the leap to Creative Cloud and when I try to edith through Bridge/Camera Raw,  I can't apply favorited presets (see where its lighter gray and cant be accessed.) I can locate my XMP files, use it to adjust the image, but then can't SAVE that setting. Or make categories of saved presets. Please help friends!! I'm sorry if I havent worded properly.