Recessional velocity refers to the speed at which an astronomical object, such as a galaxy, is moving away from an observer due to the expansion of the universe. This concept is fundamental in understanding Hubble's Law, which states that the recessional velocity of a galaxy is directly proportional to its distance from Earth, indicating that more distant galaxies recede faster. This phenomenon provides crucial evidence for the expanding universe model and supports the idea that the universe is continually growing larger over time.