Raised from the Club Atlético Atlanta's youth division (where he received the nickname Ruso), Ribolzi debuted in Primera División in 1972 at the age of 19, playing as forward.

With Ribolzi as a consolidated player of the team, Atlanta reached the semi-finals of the 1973 Nacional championship, losing to Rosario Central coached by Carlos Griguol.

Ribolzi came along with other players such as Ernesto Mastrángelo, Hugo Gatti, who formed the basement of the team that would win the first Copa Libertadores for the club one year later.

After finishing his career as footballer, Ribolzi worked as assistant coach with Alfio Basile during the Coco tenure on Boca Juniors (winning also 5 titles in 2 years).

Ribolzi also served as interim coach for the senior squad in 2006 (one of them an official game v. Estudiantes de La Plata).