Ribbon
Ribbon is a client side load balancer which gives you a lot of control over the behaviour of HTTP and TCP clients. Compared to a traditional load balancer, there is no need in additional hop for every over-the-wire invocation - you can contact desired service directly.
Out of the box, it natively integrates with Spring Cloud and Service Discovery. Eureka Client provides a dynamic list of available servers so Ribbon could balance between them.
Hystrix
Hystrix is the implementation of Circuit Breaker pattern, which gives a control over latency and failure from dependencies accessed over the network. The main idea is to stop cascading failures in a distributed environment with a large number of microservices. That helps to fail fast and recover as soon as possible - important aspects of fault-tolerant systems that self-heal.
Besides circuit breaker control, with Hystrix you can add a fallback method that will be called to obtain a default value in case the main command fails.
Moreover, Hystrix generates metrics on execution outcomes and latency for each command, that we can use to monitor system behavior.
Feign
Feign is a declarative Http client, which seamlessly integrates with Ribbon and Hystrix. Actually, with one spring-cloud-starter-feign dependency and @EnableFeignClients annotation you have a full set of Load balancer, Circuit breaker and Http client with sensible ready-to-go default configuration.