Yes, RECEDE is a Scrabble word!

Letter values in Scrabble US: R 1, E 1, C 3, E 1, D 2, E 1.

Is it a valid word?

RECEDE is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

Also: pull away, draw back, pull back, move back, fall back, drop off, fall behind.