From the top of my head, I don't have Ableton on this computer..
1) In Ableton, select the correct audio interface & inputs/outputs in the preferences panel. I assume you are using the Xone 42 usb connection, right? And start a new project.
2) Delete all tracks but leave a single audio track
3) In the audio track, select 'Ext 1/2' as your input channel (Xone 42 only has 2i/o via usb right?). And 'Master' as Audio to. This will capture the audio that is send to channels 1/2 of Xone mixer, send it trough the audio track and to the master bus. The master bys in turn will send it to your audio interface. Check if the channels in the master track channel are correct, the channel numbers could be different in your setup..
4) drop your desired effects in the track
Done!
See also:
https://www.ableton.com/en/manual/routing-and-i-o/
And
http://forum.djtechtools.com/showthread.php?t=63919
There also other options, you can use Ableton's internal sends to use multiple effect racks simultaneously. But please read the manual :-)
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