Like UTM on Mac, you can configure QEMU on Windows to emulate an x86 PC and install a standard Windows XP x86 ISO.
To understand why a native ISO doesn't exist, we have to look at CPU architecture and computing history. windows xp arm64 iso
Windows 11 Pro on ARM includes Hyper-V. While Hyper-V is a hypervisor meant for matching architectures, some users utilize nested emulation layers to run older environments, though QEMU remains far more reliable for x86-to-ARM64 cross-architecture needs. Like UTM on Mac, you can configure QEMU