[Elice]

The video I ripped (RTMP) has subtitles but they are not embedded into the video. I know where the XML file is but can I rip the subtitles with RMC? I tried using Web Stream Dumper but it didn't work. Do I have to convert the XML file to SRT?

[Stream Recorder]

You may use screen video capture software (http://all-streaming-media.com/record-video-from-screen/) to capture video with subtitles.

You may also try to convert XML file to SRT or some other format that is supported by your player. I don't really know whether this is possible or not.