You can add a conditional css attribute with php like:
<div class="<?php echo($row_Recordset1['status']=='Active'?'activeClass':''); ?><?php echo($row_Recordset1['status']=='On hold'?'holdClass':''); ?><?php echo($row_Recordset1['status']=='Closed'?'closedClass':''); ?>">here is my text</div>
This way you will have three classes assigned to the text based on the value in that column and those three classes can have different styles including color.