Since I cant open my xbox right now (no tools) and I am dieing to play I found a way for it to work.
*note* This worked for me and it might work for you, but if damage is done to your xbox dont blame me *note*
I just shook my xbox violently for a couple of minutes. Plugged it back in and it worked. Probably means the chip is loose or dusty. Either way it is only a temporary fix and I will update this later with my final solution.