Originally Posted by Ivramire
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Visual indicator of your experience and how much more you need to level.
Complete circle = level up
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He's not talking about the experience bar.
I think he meants the circle that pops out when you complete a quest.
Its just a notification, incase you do not know which quest. By clicking the click it open your quest list and highlights the quest you just completed.
Also letting you know the rewarding npc.