As a DAC/AMP, or just a DAC + external amp, I can highly recommend the qudelix 5k. It has an option in its app especially for the PS5 to prevent the volume drop the ps5 otherwise is giving out over USB. It gives You a EQ and crossfeed feature for a more speaker like experience.
Immersive=Soundstage for me. Depending where You live the AKG 702 might be in your price range. Otherwise I would look out for a Beyerdynamic TYGR 300 R or Hifiman HE400SE.