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They are solenoids that go bad. If you replace one, replace all four solenoids. The kit costs about $100 on ebay. It is a difficult job gaining access to the inside of transmission. Pay someone that knows how it's done.
2 things i would do professionally first. 1. change the oil using a higher weight and a volvo oil filter(there is a difference) 2. have a "wet" gauge installed at the oil pressure sending unit to verify oil pressure from cold to warm. a "wet" gauge is a gauge that reads actuall oil pressure and not the use of electronics. it is usually very acurate. if the oilp pressure still drops, then you are looking at an oil pump issue most likely.
strip and repair job here head off skim and rebuild ,then sort fan out new sensor and possibly a new fan ,is their two fans on this model or a two speed single one ,cant remember been a while since i done one.