yeah I think you’re supposed to be able to but it seems borked for me too. my terminal kinda freaks out when I try to move the cursor to the right to edit the command.
edit the borking was for sure because i had a broken custom $PS1. i reset it to something normal and i’m able to edit the commands pulled up with Ctrl + R just fine now by hitting the right arrow key.
idk if you’re having the same issue but unborking my $PS1 fixed this for me. left right arrow keys should let you edit the command.