XRP reaching $300 is back on the table, and the case for it right now comes from a macro diamond pattern that analyst EGRAG Crypto flagged on the monthly chart on May 4, 2026. The analysis maps two separate price ladders, one running up to $183 and another going all the way to $300, both framed as structured price-and-time models with key cycle windows in April 2027 and also April 2028. And on top of that technical setup, XRP treasury firm Evernorth named Robert Kaiden, CFO of the OpenAI Foundation, to its board as it prepares to list on Nasdaq.

Also Read:Why 99% Will Never Own 10,000 XRP: What They’re Missing

The diamond pattern on XRP’s monthly chart is a converging structure that two sets of trendlines have been forming since the 2021 to 2022 cycle highs. As the range compresses, fewer meaningful buy and sell orders sit at each level, so large players quietly accumulate positions without triggering sharp price spikes. The result, according to EGRAG Crypto, is a coiled structure where latent pressure builds ahead of a potential expansion.

“A macro diamond formation is developing on the monthly chart, and now we add the missing piece: time.”

#XRPDiamond Pattern💎– Price Meets Time ⏳:This is NOT a random structure.💡A macro Diamond Formation is developing on the Monthly and now we add the missing piece: TIME🏳️What’s really happening:▫️Market is building pressure▫️Liquidity is being engineered▫️A major move…pic.twitter.com/n0fcyOByMh

The two price ladders the XRP price forecast maps out run as follows: $7, $16, $36, $80, $183, and separately, $5, $11.5, $24.5, $60, $135, $300. Both are structured expansion models, and the time axis of the diamond pattern places those levels near cycle windows in April 2027 and April 2028, the first read as a mid-cycle point and the second as a potential late-stage phase.

At the time of writing, XRP trades at around $1.39 to $1.41, and the XRP breakout level analysts watch most closely sits at $1.50. A monthly close above that level would invalidate the lower boundary of the diamond pattern and open the path to $2.20 as the first measured target. Failure to hold the structure would also invalidate the whole setup.

Trader CW8900 added some supporting context around the same time, noting that a brief dip linked to unverified reports near a US warship barely moved bearish pressure at all.

“There is almost no increase in bearish bets.”

Evernorth, the Ripple-backed XRP treasury firm, filed a second S-4 amendment with the SEC and now pushes toward a Nasdaq debut under the ticker XRPN, through a merger with Armada Acquisition Corp II. The company holds 473 million XRP valued at roughly $656 million and raised over $1 billion in gross proceeds from backers including Ripple, SBI, Pantera Capital, Kraken, and Arrington Capital.

Source: Watcher Guru