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The average half-life of Xanax, which means the time it takes the blood to eliminate half of the drug is 11.2 hours (with a range of 6.3 to 26.9 hours). Xanax XR is an extended release version of the drug.
One 10mg Valium is equivalent to a standard 0.50 mg dose of Xanax. Anyway, I have rambled on a bit more, but to answer your question, yes, Xanax does not stay in your body that long at all (48 hours, unless u have been taking more over a shorter period of time then it can build up a little bit and stay in the body longer).