A flashing red light on an Xbox 360 console indicates that it is overheating and will automatically power off to protect itself.
Troubleshooting the issue involves identifying the number of red LED lights flashing.
If the error persists, it is important to contact Microsoft support for possible repair or replacement
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A flashing red light means that the console is overheating, similar to the two-light error code on the original model Xbox 360; however, an on-screen message also appears, telling the user that the console will automatically power off to protect itself from overheating.
Xbox 360 technical problems - Wikipedia
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The Xbox 360 is an older-generation console that still has plenty of life left, but it can break. If your console is flashing red LEDs, this guide provides instructions on how to troubleshoot 1,2,3, and 4 red LED lights flashing. If the error persists, it is important to contact Microsoft support for possible repair or replacement options.
How to Fix the Xbox 360 Red Ring of Death
Before trying to troubleshoot your Xbox 360's problems, try resetting the console by ... component of your Xbox 360 depends on how many red lights around the ...
Xbox 360 Troubleshooting - iFixit
The Red Ring of Death is when three flashing red lights around the Xbox 360 power button instead of the one to four green lights indicating normal operation ...
Red Ring of Death | Xbox Wiki | Fandom