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$γ$-ray observations of the Cygnus Cocoon, an extended source surrounding the Cygnus X star-forming region, suggest the presence of a cosmic ray accelerator reaching energies up to a few PeV. The very-high-energy (VHE; 0.1-100~TeV) $γ$-ray emission may be explained by the interaction of cosmic-ray hadrons with matter inside the Cocoon, but an origin of inverse Compton radiation by relativistic electrons cannot be ruled out. Inverse Compton $γ$-rays at VHE are accompanied by synchrotron radiation peaked in X-rays. Hence, X-ray observations may probe the electron population and magnetic field of the source. We observed eleven fields in or near the Cygnus Cocoon with the Neil Gehrels Swift Observatory's X-Ray Telescope (Swift-XRT) totaling 110 ksec. We fit the fields to a Galactic and extra-galactic background model and performed a log-likelihood ratio test for an additional diffuse component. We found no significant additional emission and established upper limits in each field. By assuming that the X-ray intensity traces the TeV intensity and follows an $dN/dE\propto E^{-2.5}$ spectrum, we obtained a 90\% upper limit of $F_X < 8.7\times 10^{-11}\rm~erg\,cm^{-2}\,s^{-1}$ or $< 5.2\times 10^{-11}\rm~erg\,cm^{-2}\,s^{-1}$ on the X-ray flux of the entire Cygnus Cocoon between 2 and 10 keV depending on the choice of hydrogen column density model. This suggests that no more than one quarter of the $γ$-ray flux at 1 TeV is produced by inverse Compton scattering, when assuming an equipartition magnetic field of $\sim 20\,μ$G.