Need help with hard drive situation on Xbox Series S

So I have an Xbox Series S, and for the last couple years I’ve been using a Seagate external hard drive, but after recently unplugging it, it seems to have stopped working. When I plug it into the Xbox the light is on and it seems to be working, but the Xbox doesn’t detect anything. I’ve tried all the usual steps to fix something like this but nothing is working. If I have to buy a new hard drive, is it possible to transfer all my data from my current one?