There should be text written alongside the area where the LED has popped up. I'm speculating that it's one of the QLED, diagnostic LED's to indicate one or more parts are faulty/failing/not right.
You've mention that the ram is not at full speed, actually since your thread is of troubleshooting nature, it's customary to include your full system's specs like so:
CPU:
Motherboard:
Ram:
SSD/HDD:
GPU:
PSU:
Chassis:
OS:
On another note, have you made sure your motherboard BIOS is up to date?