Of course you can use XML that way, but it is unnecessarily verbose and complex because you have to make decisions, like, whether to store things as attributes or as nested elements.
I stand by my statement that if you’re saving things to a file you should probably use XML, if you’re transferring data over a network you should probably use JSON.
What is the difference between USA and USB?
One connects to all your devices and accesses your data, the other is a hardware standard.