Step 1: Understand the axis.
A wire is bent into a ring. The axis $XX'$ lies in the plane of the ring and just touches its edge (a tangent line). We want the moment of inertia about this tangent line.
Step 2: Recall the diameter result.
For a ring, the moment of inertia about a diameter is \[ I_{dia} = \tfrac12 MR^2 \]
Step 3: Shift to the tangent using parallel axis.
The tangent is parallel to a diameter but moved out by $R$. The parallel axis rule adds $MR^2$. \[ I_{tan} = \tfrac12 MR^2 + MR^2 = \tfrac32 MR^2 \]
Step 4: Express mass and radius from the wire.
The wire of length $L$ has mass $M = \rho L$. When bent into a ring its length is the circumference, so \[ L = 2\pi R \quad\Rightarrow\quad R = \frac{L}{2\pi} \]
Step 5: Substitute everything.
\[ I = \tfrac32 (\rho L)\left(\frac{L}{2\pi}\right)^2 = \tfrac32 (\rho L)\frac{L^2}{4\pi^2} \]
Step 6: Simplify the result.
\[ I = \frac{3\rho L^3}{8\pi^2} \] \[ \boxed{\dfrac{3\rho L^3}{8\pi^2}} \]