XFS doesn't have snapshot support, so the short answer there is no.
1. Snapshot LVM volume
2. Mount the LVM volume and back the snapshot up somewhere else
3. Delete the snapshot as soon as possible
Otherwise you're going to lose a ton of performance.
[0] https://www.percona.com/blog/disaster-lvm-performance-in-sna...
But, it still has to duplicate metadata which depending on the amount of files may cause inconsistency in the snapshot.