After a partially positive court ruling on Thursday, trading with XRP has exploded in the last 24 hours. This was fueled by euphoric prices and the adoption of the token by major crypto exchanges.

Josh de Vos of CCData, , the research leader of crypto analytics, noted that trading volumes of XRP on centralized exchanges grew 1351% from Thursday to Wednesday. The spike occurred as XRP’s soared by almost 100% at one time on Thursday. XRP recently traded at 73 cents. This is still 51% higher than a week earlier.

According to Coingecko, the trading volume of the token has totaled about $12 billion over the past 24 hours. This is compared to a 24-hour volume below $1 billion earlier in the month.

After a long-anticipated U.S. ruling in a lawsuit filed by the U.S. Securities and Exchange Commission and Ripple, a U.S. federal court ruled on Thursday that the U.S. Securities and Exchange Commission had the right to sue Ripple.

Read more about Ripple and Crypto Industry score partial win in SEC court fight over XRP

The judge ruled that the sale of XRP on exchanges or through algorithms does not constitute an investment contract, and trading venues can trade using this token without risk.

In an email, Greg Waisman said that the role of Coinbase is secondary in distributing XRP. With the clarity of the ruling, any fears of regulatory repercussions have been dispelled.

Kraken and Bitstamp listedXRP again on Thursday, shortly after the decision. Coinbase and Gemini announced that they would be reintroducing trading of the token. Embattled exchange binance.us began trading with XRP Friday.

UpBit in South Korea, a popular trading venue for XRP, reported $2.5 Billion of trading volume.

James Rubin is the editor.