Could have been flying? Heck yes, the US .gov has been chasing hypersonic projects more or less since designing the Blackbird!
But as to what it was supposed to be doing? 'Ellifiknow...
Just going to share some of my research here, some of which I've already forgotten:
Aviation Week reported a few times a "high-speed demonstrator" during what I like to call, the Aurora saga.
There have been some very minor rumors of a high-speed demonstrator that later on crashed around 1993, originating from Dreamland Resort. Just saying, but a crash at supersonic or even hypersonic speeds must be pretty violent. A discussion of this can be found on Page 6 of this thread.
The United States did have a long history of abandoned hypersonic projects too, here's the list I was able to accumulate:
X-15, Brass Bell (later became the X-20), X-20 Dyna Soar, X-24, ISINGLASS, RHEINBERRY, Advanced Aerodynamic Reconnaissance System (ISINGLASS Follow-up), Convair SA-2S, Science Dawn, Science Realm, Have Region, Copper Canyon (birthed the Advanced Aerospace Vehicle), Advanced Aerospace Vehicle (Later became NASP), National Aerospace Vehicle, Lockheed Mach 5 Penetrator, Hypersonic Glide Vehicle/Strategic Boost Glide Vehicle (HGV), and the Advanced Airborne Reconnaissance System (AARS).
Convair had a lot of SR-71 replacement designs, such as the SA-2S. McDonnell Douglass had plenty of hypersonic designs as well. Some examples of MD Hypersonic stuff:
Many just look to Lockheed and point to Aurora. IF there ever was a high-speed demonstrator, I like to think that McDonnell Douglass was one of the more likely contractors for the vehicle. MD seemed to have been pretty serious about their hypersonics, and they go as far back as the 60s. WE know that MD was active in classified work, they worked on the Bird of Prey, and their Phantom Works division was around that time.
Speaking of NASP, before its cancellation, a good amount of work had been accomplished under the program. I could see a "Black" counterpart to NASP, similar to how there may have been parallel black programs to non-classified NASA research programs. For example, NASA's X-Wing Helicopter and X-36 may have had black/highly classified counterparts.
Started in 1986, it was cancelled in the early 1990s before a prototype was completed, although much development work in advanced materials and aerospace design was completed.
https://en.wikipedia.org/wiki/Rockwell_X-30
Black World Counterpart Stuff:
But where else could a high-speed demonstrator fit you may ask? Here is where AARS comes in.
AARS may have had a high-speed component. Every other component existed in some shape or form, so, where's the hypersonic component? UAV's were still in their infancy in the 90s, so I could see a hypersonic plane being chosen over still unproven/early UAV technology. I've also seen rumors about highly classified Tier 3 hardware/prototypes having been flown at Groom Lake, so maybe that could also include the hypersonic component.
So, either there could have been a black/highly classified counterpart to NASP, or the high-speed component of AARS flew. The topic of a high-speed demonstrator is very debatable.
Cheers.