My Xbox is picking up my Wi-Fi but when I try to connect to it, it won’t connect. Why?

Hi and thanks for reaching Microsoft Xbox gamer's community. My name is Josef.
I'm an Independent Advisor and a Microsoft Xbox user like you.

Hope you're doing great today despite this Josh

Additional information is needed, please tell me:

What console do you have?
Is this happening only with your home network or if you try a different Wi-Fi network something similar happens?
Are you using an insider build / beta OS in your console?
And, what did you tried so far to fix this
In that way I can advise you different things or how to proceed

In the meantime try power cycling your console:
1. Turn off your console by pressing the Xbox button on the front of the console for about 10 seconds, until it shuts down completely.
2. Unplug the console's power cable from the console and from the power outlet. Wait 5 minutes.
Important: Be sure to wait at least 5 minutes. This step resets the power supply.
3. Plug the console power cable back in.
4. Press the Xbox button on your console to turn it on.

Also disconnect your router from power for about 3 minutes. Then connect it again an when everything is working, try again

Greetings, and welcome to the Xbox Community! Connect with players from around the world, get help when you need it, and share your gaming journey.

Yeah, a power surge could totally mess up the network adapter in your Xbox Series X. It’s probably fried the Wi-Fi or Ethernet parts inside, which might explain why it’s not connecting properly, even if it can still spot the Wi-Fi signal.

When you say it “finds” the Wi-Fi but won’t connect, what exactly happens? Does it give you an error, or does it just keep trying and eventually give up?

My Wi-Fi is the working have several other devices connected but my Xbox live won't connect unless I plug in Ethernet yellow cord why is that

Guys, i have the same problem. I tried the solution with downloading my profile, but even if i am connected to a wi-fi when i try to download the profile it says '' can't connect to xbox live '' when im testing the connection it puts a red X between the
wi-fi spot and the internet. Even when i try with another wi-fi the same problem appears. Im getting very angry because i have only few days of Xbox Live Gold left and i cant connect to xbox live from 1 week because of that error. I've also tried with reseting
the factory settings, deleting my cache, then restarting xbox, nothing works. Please, help me!

I tried everything as you suggested, but the issue persists. The Xbox One will connect to my mobile hotspot, but not to my Wi-Fi suddenly. My phone, Fire Stick, Xbox 360, and Switch can connect just fine to Wi-Fi.