Absolutely! I’m 5’4 and I wear it crossbody. You’re more likely to find it too long than too short. I have a shorter torso-longer legs kind of body and it lands where my bum is. It hangs lower than my Chanel mini rectangular.
Also if you’re worried about wear & tear I suggest black or a darker colour because the corners will definitely wear since they’re sharp. However, it’s less of an issue for the large woc though as the corners are more rounded. You’ll fit a lot more although the trade off is that you might not like it crossbody as yxshen mentioned, the drop is significantly shorter.