It completely depends on your requirements. If you have important data or configurations in your instance that you do not want to lose, it is better to wait for the instance to recover.
If you do not have any critical data and can start with a fresh instance, you can choose to release the current instance and request a new one.
In my case, I waited for around 15 days, but unfortunately, the instance was not recovered. I eventually decided to release it and request a new instance, although it was a little disappointing to lose the existing setup.
Note: Recovery time can vary significantly. In some cases, an instance may recover within a day, while in others, it can take much longer. Therefore, I would recommend making the decision based on the importance of your data and your requirements.
