Had same problem with my 2008 V70 a number of years ago. The brakes would not reset after changing the pads. I drove around for a couple of days with no parking brake and the warning flashing and shouting at me. I thought I was going to have to get it down to the dealer so I gave it one last go and it reset!
Maybe a dodgey connection or just 'a bit of electric in the wrong place!
I was using an Autel 301 EPB tool
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