Is their a "region-like" folding feature for Android Studio

You can now do this:

<!--region Title-->
<View
    android:layout_width="wrap_content"
    android:layout_height="wrap_content"/>
<!--endregion-->

(I'm using Android Studio 3.0 and not sure when it was supported)

You can simply achieve this by

//region name
~~~Code~~~
//endregion

Check it out this link for more info. Create Regions in Android Studio

You can use CTRL+ALT+T shortcut to generate Region/Editor folds.

Or your custom shortcut defined for: Settings > Keymap > Main Menu > Code > Surround With...

It works in Kotlin/Java/XML,etc. so you can create folds to Styles/layouts too.

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