The Minolta Service Manual for XE/XE-1/XE-7 is available at
Unfortunately, the error in question is not listed there under “Troubleshooting” (from page 136 in the PDF).
This camera therefore has some switches and contacts that can oxidize. Also capacitors that need to be checked.
Beforehand, thoroughly clean the battery chamber including the lid and insert fresh batteries (therefore already done).
It is often recommended to move all adjustment elements for a longer period of time and to trigger the camera several times (if possible) in order to resolve any contact problems. It is worth a try.
I that does not solve the issue I would open the camera and check the circuit for any visible abnormalities.
Then you would have to further familiarize yourself with the circuit. The service manual contains some information about the individual sections of the camera, including: also voltage values in the circuit that can be measured (reference values).
On page 136 it says:
Since the electrical parts, such as ICs, diodes, resistors, capacitors, etc., are considered trouble-free, put an explanation on defective soldering, switches, etc., as the causes of trouble.
That sounds encouraging, but if electrolytic or tantalum capacitors are installed here, they should be checked after decades; they are always the first suspects.
Today I will look in my archives to see if I can find more information about this in the SPT Journals or The Camera Craftsman and report back.
Maybe this will also help
@miha with his Leica R3 MOT (jumping needle) which is closely related to this camera, see
Post in thread 'Have you just purchased a Minolta X-700? Do a Check & Clean first!'
https://www.photrio.com/forum/threa...00-do-a-check-clean-first.202954/post-2741083
There is a troubleshooting diagram for the exposure metering system in the service manual (see page 143 in the PDF „H. Defective Meter“).