No, routed interface is not supported...if both interfaces of Aruba 2930F are tagged/untagged members of VLAN 123...if (R)STP is not an option in your topology...if what I see is a real physical ring (involving three switcheds) and a logical ring (involving VLAN 123)...then - I'm afraid - you're going to have an hard networking loop and, consequently, a nasty broadcast storm to deal with (and no STP saving your day...).