Encrypting your IP address would be like encrypting your mailing address. Like, ok buddy, but you’re not going to be able to use that to receive any mail so not sure what your goal is – you’re still going to have to use your plain address if you want to receive anything.
Just like the hanging magnet is pulling on the car, the car magnet is also pulling on the hanging apparatus. Unfortunately for the car, the apparatus is attached to it, so it all cancels out.