Dilemma - No jobs outside, No projects inside

I will finish 2 years in may, I worked as business analyst for 1 year 8 months and took release in order to get into a React Js project, I gave rmg all my skills, he said he could not get me a project on those skills, I am rejecting all the support projects, he threatened me saying people are getting released from company if they are not taking projects, (I cleared digital few months ago)

Cut to the present- I am working on L1 Sap support, every day I feel like quitting the company, I might have applied for around 400 companies easily in the past 1 month I received call from 2 and neither had scheduled interview after knowing the notice period, If I dont take a decision now I wont be able to crack interviews later as days pass the experience I need to fake also builds,

My options:

1. I thought I will keep my papers after the current hike and revoke it if I do not get any offer
2. Fight with the current manager for release on the basis of the 2 year contract he recently told, which was not mentioned while I was taken into the project.
3. Do my learnings parallelly and when I get an offer I will leave the company

My current level of understanding in react is moderate, I have done few small projects and I helped one of my friends in his project for some time and I feel that I can crack interviews.

Please give your suggestions, its a life thats going to change if i stay here for 2 more yrs I will come out with 0 exposure and 4 yrs experience.