Step 1: Concept
$Cr_{2}O_{7}^{2-}$ (Dichromate ion) is a strong oxidizing agent in acidic medium.
Step 2: Analysis
The reaction shows $Cr_{2}O_{7}^{2-}$ being reduced to $Cr^{3+}$.
This must be accompanied by the oxidation of species X.
Step 3: Evaluation
$SO_4^{2-}$ is already in its highest oxidation state.
$Fe^{2+}$ can be easily oxidized to $Fe^{3+}$.
While $C_2O_4^{2-}$ and $S^{2-}$ can also be oxidized, in standard textbook reactions following this specific skeletal format in NTA papers, $X$ usually represents the Ferrous ($Fe^{2+}$) ion.
Step 4: Conclusion
Hence, X is $Fe^{2+}$.
Final Answer:(D)