A stuck hood is not an uncommon problem reported by 240 owners. They're tricky to adjust properly and trickier to get open when they're stuck like that. I came close to stuck once and luckily managed to get it open from above. You can try looking up from underneath the car with a really strong light to see what side might be catching and perhaps try to hook the cable from below or from between the grill while someone is pulling the hood release inside and give it an extra tug to see if it will move the catch a bit more, but if your plate is loose I'm guessing it likely won't work. Check out this old post in another Volvo forum and you'll likely find your answer in the 3rd reply down who had to pry from underneath the car
https://www.volvo-forums.com/threads/stuck-hood-release.13591/
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Dave -still with 940's, prev 740/240/140/120 You'd think I'd have learned by now
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