The one in the trans.
A guy at another forum was having issues with his similar to yours. His was with a new 3-speed complete trans he bought from his LHS. Ended up being one of his OWB's in the trans was slipping on him. He tore it apart, cleaned it out with DA really well (denatured alcohol), then it worked fine.
I'd suggest putting at least a drop or two of 3-in-1 oil on it though to lube it. They do need lube, just nothing thick or it makes the rollers stick and not lock on the shaft when they are supposed to.
Is the X a two or 3 speed? Not sure what version you have... HPI has a large variety of savages out these days. Hard to keep up.
Looked at the X-SS manual and it's a two speed, but has the newer split case so you can take the majority of the trans apart without taking it out of the truck, which is nice. I changed my case over just for that purpose.
The bearing is in the yellow circle. The spot/shaft it spins on is in the green circle. Soak the bearing in DA and stick a DA soaked paper towel through it and spin the bearing on it in both directions to work out the grease/gunk in it. Clean the shaft it spins on with DA as well. Put 2-3 drops of 3-in-1 in the bearing and throw it all back together.
Hopefully this is your problem.