You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <query-continue>
    <recentchanges rccontinue="20160422095248|1692" />
  </query-continue>
  <query>
    <recentchanges>
      <rc type="edit" ns="0" title="Override Default Services Implementation for AC Gold" pageid="257" revid="1234" old_revid="1145" rcid="1702" timestamp="2022-07-08T10:57:42Z" />
      <rc type="edit" ns="0" title="Custom Field Collections for All Entities" pageid="263" revid="1233" old_revid="1223" rcid="1701" timestamp="2017-10-17T05:27:07Z" />
      <rc type="edit" ns="0" title="Main Page" pageid="1" revid="1232" old_revid="1229" rcid="1700" timestamp="2016-08-24T06:51:14Z" />
      <rc type="log" ns="-1" title="Special:Log/move" pageid="0" revid="0" old_revid="0" rcid="1699" timestamp="2016-08-24T06:50:59Z" />
      <rc type="edit" ns="0" title="Main Page" pageid="1" revid="1229" old_revid="1228" rcid="1698" timestamp="2016-08-24T06:49:25Z" />
      <rc type="edit" ns="0" title="Main Page" pageid="1" revid="1228" old_revid="1225" rcid="1697" timestamp="2016-08-24T06:48:39Z" />
      <rc type="edit" ns="0" title="Extensionless URLs and custom error pages" pageid="264" revid="1227" old_revid="1226" rcid="1696" timestamp="2016-08-24T06:48:05Z" />
      <rc type="new" ns="0" title="Extensionless URLs and custom error pages" pageid="264" revid="1226" old_revid="0" rcid="1695" timestamp="2016-08-24T06:42:31Z" />
      <rc type="edit" ns="0" title="Main Page" pageid="1" revid="1225" old_revid="1221" rcid="1694" timestamp="2016-08-24T06:21:34Z" />
      <rc type="edit" ns="0" title="AbleCommerce Gold Web Api" pageid="254" revid="1224" old_revid="1220" rcid="1693" timestamp="2016-04-22T12:32:57Z" />
    </recentchanges>
  </query>
</api>