Short answer -- No.

RT is massively processor intensive, the PS5 at only like 10 TFLOPS is not going to be able to run complex ray tracing at high resolutions + frame rate.

The SX can only run Minecraft at like 1080p with ray tracing turned on. 

Ray tracing is going to be something I think only the higher end 30 series Nvidia GPUs can do OK, probably really it will take until the 40 series (2021 or 2022) before something like that can be run really where it needs to run.