There are two sites to look at that will give some general info on PEX tubing.
PEX Tubing and
INSTALLING NEW WATERLINES.
Don't know of a easy way to remove the ring without using a file or hacksaw blade, that sounds like a prison break to me. General practice is to cut the tubing and install a new fitting and crimp a new ring in place. Thats one of the nice things about PEX is its ease of repair without soldering, glues and a lot of tools.
PEX also has a menory and once bent or kinked can be heated and it will resort to its original shape. They also install fittings using a heating tool before installing the fitting. If it is leaking at the fitting-tubing connection you could have a bad fitting or a crimp not tight enough.
As you said, does seem odd that it started leaking now. Might be the crimp or cold weather that caused it to start at this time. Is the leak a water droplet or is it LEAKING!