How to read the spectrum
What to look for
A genuine hi-res recording (96kHz or 192kHz) will show continuous energy extending above 22kHz, though the level should drop with frequency due to natural program content rolloff. The key is there should be no abrupt brick-wall cutoff below 22kHz.
A fraudulently upsampled file shows a sharp, near-vertical dropoff at 20-22kHz - the fingerprint of the original 44.1kHz/48kHz recording's anti-aliasing filter. This is especially common with "hi-res" releases on some stores.
What it cannot prove
Even if a file has genuine hi-res content above 22kHz, that does not automatically mean it sounds better than a well-mastered 16-bit/44.1kHz file. The source master quality matters more than the file format.
This tool analyzes the format authenticity only. A 96kHz file genuinely recorded and mastered at 96kHz is authentic. One that was mastered at 44.1kHz and exported at 96kHz is a waste of storage.