Incase anyone is wondering, currently there are only a few ways to exceed 385. These are my findings: Blues/Purples that turn into exotics can take you above 385. Nightfall rewards, Treasure Hordes, and exotic engrams reward 385+. I've used about 6-7 faction/vanguard packages with no increase. Veriks caps at 385 from what I've seen also. I hit 386 last night and it's gonna be a slow grind to 400, but it will be worth it for hard mode. If anyone discovers a way to get a 386+ Ghost let us know!
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They may raise the max on some sources after HM goes live. Right now, you're not even supposed to be able to get past 385.