What Causes Dryness And Peeling In The Foreskin?

For the past couple of days, the foreskin, including just under the tip of my penis and the shaft foreskin has been quite dry, flaky/peeling, and even leaves little cuts due to common erections. The foreskin is mildly wrinkly, as if lacking moisture, slightly red, but otherwise has its normal color. I am not sexually active, and I take showers everyday and wash thoroughly. Could this be dry skin, or signs of something worst? Lastly, what medications should I take to stop the dry skin, protect the cuts, and end the flaking/peeling? Thank you for your time.