On screen: 0x800705b4
This one genuinely goes both ways, so the first job is telling which you are looking at.
Microsoft's explanation is brief — this could mean that the update was unsuccessful — but their article then divides into two branches, and that division is the real diagnosis.
The update branch is console-side. The launch branch starts with checking service status, so it can be theirs.
Answer Microsoft's own question: did this appear while updating the console, a game or an app, or while trying to launch one? Updating means the console-side list. Launching means check status first.
Operator documentation: support.xbox.com. A note on sourcing. Microsoft's support site is a single-page application: any invented URL of the form error-code-anything returns HTTP 200 with an empty shell. So a link that looks like it works may lead nowhere, and the 0x prefix is genuinely inconsistent between articles. The URL above is the one that actually resolves for this code. No 0x prefix in the URL for this code.
Microsoft's explanation is brief — this could mean that the update was unsuccessful — but their article then divides into two branches, and that division is the real diagnosis.
This one genuinely goes both ways, so the first job is telling which you are looking at.
Start with: If you were updating: power cycle first. Hold the power button ten seconds, unplug the power cable, wait ten seconds, reconnect.