Rhythmic cortical activity is thought to underlie many cognitive functions including the flexible weighting of sensory information depending on the current behavioral context. Here, we tested for potential oscillatory alignment and power modulation at behaviorally relevant frequencies in magnetoencephalography (MEG) data acquired during a virtual reality-based, rhythmic hand-target phase matching task. The task contained conditions differing in terms of visuomotor incongruence and whether or not behavior (grasping movements) had to be adapted to keep vision aligned with the target. We tested for potential oscillatory alignment with movement frequencies and cross-frequency coupling with oscillations in the alpha, beta, and gamma bands. Our results revealed local peaks at 1 Hz power, corresponding to the frequency at which hand movements alternated between open and close; thus, potentially indicating an "entrainment" of neural oscillations at key movement frequencies. We found 1 Hz power was selectively enhanced when participants needed to align incongruent vision with the target. Moreover, the phase of the "movement-entrained" 1 Hz oscillations coupled significantly with the momentary amplitude of beta band oscillations-again, this coupling was selectively enhanced when incongruent vision was task relevant. We propose that this reflected a top-down mechanism, most likely related to selective attention and rhythmic sensory sampling. Thus, phasic low-frequency (beta) power suppression likely indicated a variable (attentional) sampling of visual movement feedback; i.e., related to increased sensitivity for visually matching alternating hand movements to a phasic target at ecologically important time points, rather than continually during the grasping cycle.NEW & NOTEWORTHY Our results reveal an increased spectral power at movement frequencies in a rhythmic hand-target phase matching task under visuomotor conflict; this effect was strongest when incongruent visual movement feedback was required to guide action. Moreover, the phase of these slow frequencies coupled with the momentary power beta oscillations; again, this coupling was selectively strengthened when incongruent vision was task relevant.