It might be different with this phone, but the phones I've had with a blank system didn't boot into recovery, you'd either get a boot loop or just a blank screen.
I've had the recovery boot loop before and the only way to get out of it was to boot into recovery manually (rather than let it boot into it itself). Which meant removing the battery for about 10 seconds, then making sure when you boot into recovery you initiate it before it does itself.
If it is a blank system then I'd suggest just trying to somehow get a ROM on your phone to flash.
Did you not make a nandroid?
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