How to implement password access through .htaccess, taking into account the ip address?

Question

htaccess

There is a task: to implement password authorization through .htaccess , but on the condition that authorization from a certain IP will not be required. I found this solution, but the server returns a 500 error:

<If %{REMOTE_ADDR} != '127.0.0.1'>
AuthType Basic
AuthName "Password Protected Area"
AuthUserFile /home/user/www/site.ru/.htpasswd
Require valid-user
</If>

the path to .htpasswd is correct.
Can someone tell me another solution or why it might not work for me and how to be?
Important! You need to implement it by editing the .htaccess file