The Ace of Cups represents a romantic and meaningful union. It can indicate that the romantic relationship between [name of current partner] and you is set to become deeper and more exclusive over time. The card also shows that you are genuinely interested in building something special with [name of current partner].
The reversed Knight of Cups can indicate that there are some hurdles and issues that may be hindering the relationship between you two. It could be something external, like other people, or something internal, like differences in viewpoints. This block could also represent your confused feelings towards [name of current partner] or your inability to fully open up to them.
Based on the cards and the orientation of the cards, it appears that there is a positive purpose to the relationship between you and [name of current partner], but that there may be some roadblocks or obstacles to address. However, if you and your partner are willing to face these obstacles together, your romantic relationship can grow and become more solid over time. Therefore, my answer to your question is: Yes.