Whats the best way to do this in Ableton?

Trying to figure out how to “transpose” this effect to ableton. I think I Figured the best way to effect the reverb amounts, I side chained a compressor on an return, now that I write this I figure I could do this within a rack… But the filtering with the X/Y controls really throws me off. Sure there is one way, but would love to see everyone’s ideas.