In this paper, a holographic dark energy model, dubbed Ricci dark energy, is confronted with cosmological observational data from type Ia Supernovae (SN Ia), baryon acoustic oscillations (BAO) and cosmic microwave background (CMB). By using maximum likelihood method, we found that Ricci dark energy model is a viable candidate of dark energy model with the best fit parameters: Ωm0 = 0.34 ± 0.04, α = 0.38 ± 0.03 with 1σ error. Here, α is a dimensionless parameter related to Ricci dark energy ρR and Ricci scalar R, i.e. ρR ∝ αR.