Which statement about VRRP is true?

VRRP operates in an active/standby mode for a single virtual IP address, providing redundancy rather than active load balancing for that specific virtual IP.

VRRP and HSRP are both First-Hop Redundancy Protocols (FHRPs) that can be configured concurrently on the same switch or switch stack. This is typically done on different VLAN interfaces to provide gateway redundancy for separate network segments or to facilitate integration in mixed-vendor environments.

While VRRPv3 supports both IPv4 and IPv6, VRRPv2 only supports IPv4; therefore, stating that VRRP *generally* supports both without specifying the version is not entirely accurate for all VRRP implementations.

VRRPv2 supports plain text and MD5 authentication, but not encrypted authentication; VRRPv3 relies on external mechanisms like IPsec for secure communication, rather than built-in encrypted authentication within the VRRP protocol header itself.