The old Ledger apps, including the Red wallet, use a legacy derivation path of _m/purpose'/coin_type'/account'/addressindex, but the new Ledger Live app uses the BIP44 derivation path of _m/purpose'/coin_type'/account'/change/addressindex.
So I suggest migrating the Red wallet derivation path to BIP44.
The old Ledger apps, including the Red wallet, use a legacy derivation path of _m/purpose'/coin_type'/account'/addressindex, but the new Ledger Live app uses the BIP44 derivation path of _m/purpose'/coin_type'/account'/change/addressindex.
So I suggest migrating the Red wallet derivation path to BIP44.