I doubt XP can cope with anything that big. When XP came out hard disks were only about 20Gb and nobody has ever seen anything over 60Gb in size.
One of the perils of being on an ancient unsupported operating system like XP.
Time to move to Windows 7 or 10 on a new PC.
Also note there are various was to format (FAT32, NTFS etc). If you are formatting as FAT32 I think there is a size limit, 32Gb I think.
Try formatting as NTFS if XP will let you.