@Cwilliams12 -
As I understand it, you have added an EditForm control into your app and your data source is Excel.
You have modified one of the DataCards for one of your fields and embedded a Dropdown control inside it. You want the Dropdown control to default to the selected item in the Gallery.
I would expect the Default property of the DataCard (not the DataCardValue) to contain:
ThisItem.Status
And the Default property (or DefaultSelectedItem, if using a Combo Box) to be:
Parent.Default
On a related note, please migrate your data to SharePoint (or ideally Dataverse if your organisation has a licence), Excel is a terribly unwieldy data source.