Does the friend zone exist?

So me and my ex broke up like 3 or 4 months and stopped talking. We recently ran into each other at the store and it was super awkward. She texted me saying you looked good today. I hope everything is going well so I just replied simply and we've been talking since then. Almost hooked up the other day but she backed out last minute. Today she texted me saying she misses me and regrets breaking up but just wants to be friends.
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Does the friend zone exist?
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