Yes! SRAM RED and Force eTap AXS shift-brake levers, as well as eTap AXS BlipBox and Vuka Shift AXS 90, with firmware version 2.29.4 or later, are compatible with RED eTap 11-speed front and rear derailleurs.
Rival eTap AXS shift-brake levers are not compatible with eTap 11-speed derailleurs due to differences in their electronic hardware and do not support this firmware feature
NOTE: SRAM RED eTap 11-speed front and rear derailleurs do not require a firmware update to pair with firmware 2.29.4 compatible SRAM eTap AXS shift-brake levers and eTap AXS BlipBox.