Yes, the Fujifilm X-S20 is compatible with the ProGrade Digital V60 128GB SD.
Fujifilm X-S20 has a UHS-II SD slot. ProGrade V60 writes at 130 MB/s on a UHS-II bus. X-S20 requires V30 for 4K30 and V60 for 4K60. ProGrade V60 meets both thresholds — compatible with all X-S20 video modes.
“SD Card (-2GB) / SDHC Card (-32GB) / SDXC Card (-2TB) / UHS-I / UHS-II / Video Speed Class V90”
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Confidence: inferred