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In this paper, we propose and investigate a ring-based wavelength-division-multiplexing passive optical network (WDM-PON) providing both Rayleigh backscattering (RB) noise mitigation and fiber-fault protection. The proposed ring-based WDM-PON has a dual-ring architecture to protect and restore any fiber fault. Besides, the ring architecture also can mitigate the RB beat noise, since the RB and the upstream wavelengths are propagating in opposite directions. Here, we discuss and analyze the characteristics of the downstream signals using 10 Gb/s ON-OFF keying (OOK), 10 Gb/s differential phase-shift keying, and 10 Gb/s orthogonal frequency-division multiplexing (OFDM) modulations, respectively. Moreover, we also investigate the upstream traffic using the 2.5 Gb/s OOK and 10 Gb/s OFDM generated by the directly modulated reflective semiconductor optical amplifier-based optical network unit, respectively.