The Xbox One really does support 5GHz. It even supports 802.11ac, which the FritzBox 7490 also supports. You should however check the firmware, as the 7490 already supports FritzOS 7.
However, if you have a lot of wireless devices connected to your 7490, be aware that the 7490 does not support "MU-MIMO" (Multi User-Multiple Input Multiple Output). For an
explanation about the difference see this page here.
To put it in laymen's terms: In theory, the FritzBox could transmit up to 1300Mbit/sec via 802.11ac wireless. However, with interference and distance to the router, this bandwidth is reduced. And if multiple devices connect to the WiFi at the same time,
each device gets to transmit to the network "one by one" in a sort of "round robin" fashion, where all other devices have to wait for the one device to finish transmitting, so they can then get their turn.