According to the invention, there is provided a novel soybean variety designated XB54V07. This invention thus relates to the seeds of soybean variety XB54V07, to the plants of soybean XB54V07 to plant parts of soybean variety XB54V07 and to methods for producing a soybean plant produced by crossing plants of the soybean variety XB54V07 with another soybean plant, using XB54V07 as either the male or the female parent.