Press the sauté button of your instant pot.
Add oil, onions, sweet peppers, and celery, saute for 5 minutes or until vegetables are softened.
Add RoTel, spices, rinsed black eyed peas and broth (or water).
Press Cancel, place lid on instant pot and put the settings on Manual for 20 minutes and when it beeps let it go another 10 minutes on natural release, then release the rest of the pressure by opening the pressure valve.
Open lid carefully. Add salt and pepper to taste. Serve as a side or as the main dish. Add a bit of sour cream and cilantro to garnish if you would like.