The base theme of android studio did not showing the default Actionbar and Status Bar in the XML preview option in android studio 3.3 version.
It looks like this:
Solution is very simple... step by step:
You should do > Design in Design/Text, there is a eye icon above (top left corner) (click) and click Show Layout Decorations Taa taaaa :)
And now (nov 2020, Android Studio 4.0.1) it's Show System UI
I also updated Andriod Studio to 3.3 and faced this problem also. At first I thought I should downgrade the Studio Version then I saw I EYE icon and marked Show Layout Decorations option. See below