build Build vs Upgrade
That's a tough one honestly. The 5500XT isn't a great GPU, and you're almost certainly not facing a CPU bottleneck with it. As a result, upgrading to a better CPU/RAM is probably not going to have much of an impact on your gaming experience, unless you're playing very CPU heavy games.
However, a better graphics card could actually create a CPU bottleneck, particularly with RAM that slow. It's also a really piss poor time to buy a new graphics card right now if you don't have to. Assuming you can find something decent, it's going to cost you much more than it's worth.
In short, I don't really see a good upgrade path that isn't going to either be mostly useless or be limited by the rest of your hardware. I'd probably just try to find a new board and upgrade to speedier RAM.
The graphics card would be the next thing, but again, you're pretty much guaranteed to be ripped off.

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