Yes. Time to bring the Purple and Red back to Spain
No, the majority will soon love to love their monarch
Monarchy isn't rooted into Spain like it is England. Most of the populace are socialist-democrats by affiliation. With the retirement of King Phillip, who had 60% favorability, the support of Felipe is projected to only constitute a quarter of the population. There are many who are already trying to abdicate him, federalize the nation, and bring back the pre-Franco republic.