Yes. Your SRAM or Quarq power meter features both ANT+ and BLE capabilities.
ANT+ is primarily used to communicate simultaneously with and collect data from multiple sources (i.e., from a power meter and heart rate monitor).
Bluetooth Low Energy is a one-to-one connection. Use this to connect to the AXS App and update your firmware. BLE can also pass along ride data, but you cannot have any other BLE connections while collecting your power meter data.