I have also in file TFT_eSPI/User_Setup_Select.h commented out line below
// #include <User_Setup.h> // Default setup is root library folder
and uncommented
#include <User_Setups/Setup70b_ESP32_S3_ILI9341.h> // Setup file for ESP32 S3 with SPI ILI9341
and flashed it to esp32s2_XIAO and ESP32_XIAO panics and continues to reboot again and again
-Thanks
-Alok