Follow the arrows that lead up to each ring. Like Darth_Ave said, build up your speed and either try to land on top of each ring or hit the inside of the ring with your leviation ball to get it spinning. You have to get all three rings spinning in order to advance. It's tough but it can be done.
One tip is to not worry about getting all the figments until you get all three rings moving. Once you get the rings moving, some floating islands appear that you can hop onto in order to move upwards. Once the floating islands appear, use them to float down to get the figments in the three-rings area.