seems like a throttling, if you reset the password recently, you need to wait a bit
what do you use, fortify? check Authentication Throttling section in https://laravel.com/docs/11.x/fortify#customizing-the-authentication-pipeline which leads you to a config to check the values.
make sure the password form posts to correct controller method (so it is not rate limited for example by login rate limiter or so) or to send another reset link. which might cause the error here: https://github.com/laravel/framework/blob/11.x/src/Illuminate/Auth/Passwords/PasswordBroker.php#L71