Think you have that reversed. Xbox needs to show some love for XIV hopefully Phil Spencer can finalize his plans to change their ToS so games like XIV can appear on xbox.
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S-E bothered to issue an enhanced PS4 Pro mode for ffxiv so you'd have to be crazy to think there won't be a native PS5 version too, when they get around to it. They investigate the suitability of all platforms.
Framerate /resolution boost for next gen is obvious but I hope they go the extra mile in improving things like lighting and anti-aliasing and bring those upgrades back to pc.
I like Phil and he's been on record saying ffxiv will come to Xbox, so both sides are wanting to reach an agreement on this. Maybe they are skipping Xbox One and working on Series S/X.
Devs mentioned an official ps5 version is being worked on but will come at a later time.(Current guess is 6.0 launch) That being said we havent gotten any info on a backwards compatible version, theres a little more that goes into it since the game has online interactions. Maybe they mention it on next live letter possibly even TGS.