This version of Android Studio cannot open this project, please retry with Android Studio 3.4 or newer.
but my android studio version is 3.2.1 and there is no new up
Had the same Issue when i decided to install another version of Android Studio, what worked for me was:
classpath 'com.android.tools.build:gradle:3.5.0-rc01'
Copied that line and replaced it on the project i was working on.