This piece is a virtuosic Lisztian transformation of the Spanish folk tune La Folia and the Jota aragonesa. It is distinguished by its extreme technical demands and orchestral textures adapted for the piano.
The primary challenge is mastering the rapid-fire repeated notes and wide-span arpeggiated configurations while maintaining virtuosic projection.
Comparable difficulty and character — good candidates for what to learn next.
Rhapsodie espagnole (S. 254) is rated Henle level 8 of 9 — concert repertoire, roughly diploma level. In the RCM system it corresponds to about level 10.
You should be comfortable at Henle level 8 — meaning you can already play level 7–8 pieces cleanly. Learning it one level early is possible as a stretch piece, but more than that usually leads to months of frustration.
A typical performance of Rhapsodie espagnole (S. 254) lasts about 14 minutes.
Rhapsodie espagnole (S. 254) is available as free public-domain sheet music on IMSLP — the score is linked directly from this page.
Pieces at a comparable difficulty and character include Ballade No.2 by Franz Liszt, Cadenza to the first movement of Beethoven's Concerto No.3 by Franz Liszt, Bénédiction et serment, 2 motifs de Benvenuto Cellini de Hector Berlioz by Franz Liszt — see the full similar-pieces list on this page.