We present precise radial velocities of XO-2 taken with the Subaru HDS, covering two transits of XO-2b with an interval of nearly two years. The data suggest that the orbital eccentricity of XO-2b is consistent with zero within 2$sigma$ ($e=0.045pm0.024$) and the orbit of XO-2b is prograde (the sky-projected spin-orbit alignment angle $lambda=10^{circ}pm72^{circ}$). The poor constraint of $lambda$ is due to a small impact parameter (the orbital inclination of XO-2b is almost 90$^{circ}$). The data also provide an improved estimate of the mass of XO-2b as $0.62pm0.02$ $M_{rm Jup}$. We also find a long-term radial velocity variation in this system. Further radial velocity measurements are necessary to specify the cause of this additional variation.