I tried tracking down an easy yes/no answer within various forums and threads only to be found with the answer of "maybe" and complicated setups.
Upon my research in threads, they have led me to these three options:
www.siig.com
www.club-3d.com
I bought the SIIG cable to use with my Xbox Series X and 22" LG UltraFine Display... by default it showed that I could only do 720p. However, if you use the Advanced settings I could pick 1080p at 120Hz or 1440p at 60Hz! 🥳
Xbox > Settings> General > TV & Display options
You’ll see a menu that shows Display, Setup and Advanced.
Navigate to Advanced > video fidelity & overscan > overrides
In overrides, select HDMI and “use manual settings”
Then you can change the display resolution to 1080p and 120Hz or 1440p at 60Hz.
So the answer is Yes you can (with limitations of what theadapterss above can output)
Upon my research in threads, they have led me to these three options:

HDMI (Output) to USB-C(Input Thunderbolt) Cable For XDR Ultrafine Mac Monitor | eBay
Support Apple Monitor,Apple XDR , LG ultrafine and all USB-C MONITOR (ALT-DP MODE). Designed for ALL HDMI OUTPUT DEVICE to USB-C INPUT MONITOR. Design For HDMI to USB type-C One Way Only. For all other monitor only need HDMI to USB-C will get all 4k 60hz or 1080P 144hz with sound.
www.ebay.com

HDMI to USB-C Port 4K 60Hz Converter Adapter
HDMI to USB-C Port 4K 60Hz Converter Adapter

Club 3D | HDMI to USB C 4K60Hz Active Adapter M/F
The Club 3D CAC-1332 is an HDMI™ to USB C Active adapter which allows you to transmit an HDMI™ Signal into a USB C DisplayPort supported Display.This product supports resolutions of up to 4096x2160@60Hz. This adapter is Uni-Directional it only works from an HDMI™ Source device to an USB C...
I bought the SIIG cable to use with my Xbox Series X and 22" LG UltraFine Display... by default it showed that I could only do 720p. However, if you use the Advanced settings I could pick 1080p at 120Hz or 1440p at 60Hz! 🥳
Xbox > Settings> General > TV & Display options
You’ll see a menu that shows Display, Setup and Advanced.
Navigate to Advanced > video fidelity & overscan > overrides
In overrides, select HDMI and “use manual settings”
Then you can change the display resolution to 1080p and 120Hz or 1440p at 60Hz.
So the answer is Yes you can (with limitations of what theadapterss above can output)
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