This is related to this question. Let $(X,\leq)$ be an ordered set (Edit: I am not assuming that the order $\leq$ is linear; see my fake and friendly "flame war" with Brian M. Scott in his answer below), and let $\kappa$ be a limit ordinal (endowed with the usual order, or course). Consider the condition "every increasing function $\require{enclose}\enclose{horizontalstrike}[mathcolor="red"]{\color{black}{f:X\to\kappa\ }}\ f:\kappa\to X$ is eventually constant", which I call "ascending $\kappa$-chain condition on $X$" (probably a standard naming).
For $\kappa=\omega$, this is equivalent (under the axiom of dependent choice) to the condition "every nonempty subset of $X$ has a maximal element". At first I thought that the ascending $\kappa$-chain conditions were stronger for $\kappa>\omega$ , but later I realized that this is not the case, precisely by the fact that $\kappa$ is larger than $\omega$: in fact you can impose that every $\kappa$-ascending chain stabilizes, yet this perhaps occurs after the $\omega$-th step, so you can have examples of strictly increasing $\omega$-chains.
Since the ascending $\omega$-chain condition is equivalent to such "strong" statement (involving maximality), I was quite sure that the converse was indeed true. If ascending $\omega$-chain condition holds, how to prove that any $\kappa$-ascending chain $(a_\lambda)_{\lambda\in\kappa}$ on $X$ stabilizes?
If $\kappa$ has a denumerable cofinal subset, say $S$, then we are done, because the subchain $(a_\lambda)_{\lambda\in S}$ stabilizes, which forces the original chain to stabilize. But what about the case in that $\kappa$ has no denumerable cofinal subset? what can be said in this case? I take this opportunity to repeat the question I posted before: what is an (interesting) equivalent to the ascending $\kappa$-chain condition? (for this question please post your answer on the corresponding post). Thanks in advance.
EDIT
The characterization of the $\omega$-ascending condition works on any ordered set, that is, for any ordered set $\boldsymbol{X}$, the ascending $\omega$-chain condition holds on $X$ iff every nonempty subset of $X$ has a maximal element. I want to know about equivalent characterizations of the $\kappa$-ascending chain condition for arbitrary ordered sets (that is, any $\kappa$-ascending chain on any ordered set stabilizes iff ???). Trevor Wilson's answer settles the question only on the case that $X$ is an ordinal as well.
Minor stylistic commentary: "order-preserving" is far more canonical than "increasing", but I think that the former is less appealing in this case.
Major stylistic commentary: I always mean $X$ to be a partially ordered set (in view of Andrés Caicedo and Brian M. Scott comments).
BIG EDIT
I am terribly sorry to all: at the first paragraph I meant "$f:\kappa\to X$" instead of $f:X\to\kappa$". I swear, I always had in mind $f:\kappa\to X$. Thanks to Brian M. Scott to indirectly pointing out my mistake through his digression about the ambiguity of the (flawed) definition in the case that $X$ is not a linearly ordered set.