Step 1: Calculate moles of water.
Molar mass of water = 18 g mol$^{-1}$.
Moles of water = $\dfrac{54}{18} = 3.00$ mol.
Step 2: Calculate moles of ethanol.
Molar mass of ethanol = 46 g mol$^{-1}$.
Moles of ethanol = $\dfrac{46}{46} = 1.00$ mol.
Step 3: Total moles.
Total moles = $3.00 + 1.00 = 4.00$ mol.
Step 4: Mole fractions.
Mole fraction of water = $\dfrac{3.00}{4.00} = 0.75$.
Mole fraction of ethanol = $\dfrac{1.00}{4.00} = 0.25$.
\[
\boxed{X_{\text{water}} = 0.75, X_{\text{ethanol}} = 0.25}
\]