From the specification I checked, PRIME Z590-A supports 3200 RAM without Overclocking it.

I initially purchased DDR4 3600 RAM (was a good deal) and PRIME Z590-A showed it running as 2666Mhz. So then I purchased DDR4 3200 RAM and it still showing running at 2666Mhz.

Few suggested me to enable XMP in the profile (aka Overclocking) but PRIME Z590-A should support 3200 per the specification.

Any guidance here on what could be going on?

I am using Intel i7 11th Gen 11700K Processor (which also supports DDR4 3200 RAM)