RTX has turned off automatically on this device along with Upscaling, claiming my device does not meet the technical requirements. I have a GeForce 4000s series, and quite frankly, was running RTX just fine yesterday.
I've tried updating my drivers and restarting the application, but the game is still failing to detect my system capabilities.
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The game might be running on your integrated graphics instead of the dedicated graphics card. You can check if this is the case by doing the following:
Launch Windows's Settings app.
Browse to System > Display > (scroll down) > Graphics.
Click the Minecraft app in the list and press Options.
Does this also occur in the Minecraft Preview app? If so, could you attach a screenshot of the debug text at the top of the screen?