Hello @VIGNESH_BABU
XIP is execute directly in flash, no-xip is copy from flash to SRAM to execute.
About change NO-xip to XIP, if you use MCUXpresso IDE, try to disable "Plain load image" , the re-build.

Also there is XIP and NO-xip demo under SDK for lpc54s018, you can run them to check the process.
BR
Alice