Despite some speculation suggesting the iPhone X would not support Reachability, reviews of the device published today have confirmed that the feature can be enabled in the Settings app on the device.

Once enabled, Reachability can be invoked by swiping down on the bar that serves as a visual indicator for returning to the Home screen.
Skip to the 5:05 mark in Engadget's first impressions video to see Reachability in action. The tidbit was highlighted on Reddit by user Whert Ser Nert.
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Top Rated Comments
I'm pulling up, UI is going up, revealing the thing 'under it' - the home screen.
Seems natural.
Imagine a feature on the phone where if you blow into the microphone, it switches wifi on/off. Simple? Yes. Intuitive? Nooooooo.