xfwm is XFCE’s window manager, and it’s eating almost 30% of the total system memory, so that’s the prime suspect (I’m not exactly sure how much it interacts with other apps, so it’s possible something else is forcing xfwm to use all that memory, but that is IMHO unlikely).
An ugly “fix” is to log out and log back in (yes, not much better than just rebooting), or you could try to somehow restart xfwm - running xfvm --replace
in terminal might work.
Edit: there’s an issue on the Manjaro forums that might be related: https://forum.manjaro.org/t/xfwm4-memory-leak-since-4-20/173910/7
TL;DR: the minimum went from 16 to 32 GB