The righteous are literally those who are "right with God." We are made permanently right with God when we first trust Jesus. "The way of the righteous" is Jesus. He is The Way (John 14:6). He is our Way.
God spoke these words to Jesus: "This is my Son, whom I love and in whom I delight" (2 Peter 1:17).
"The Father knows me and I know the Father likewise I know my own, and my own know me. I am the Good Shepherd. I lay down my life for the sheep" (Jesus, from John 10:14-15).
The Father knew the Son and sent Him to be our way to know the Father so that they can experientially know us. John 17:2-3 says, "Jesus gives eternal life and eternal life is to know the Father who is the only true God & to know Jesus the Messiah whom He has sent."
"The Father knows and delights in Jesus the Messiah who is The Way for people to be made right with God, to know Him, and to experience His love."