Gigi, sometimes it takes a week or two for the leaves to recover from that shrivelly, wilty state. But don't worry they will recover. I've had several do that routine and they have all recovered. I realized this week that I still have the two Phals that my daughter gave me for my b'day 5 years ago, my first two orchids!
I'd do as Jim suggested and repot into bark mix, and soak. Then keep in fairly low light and mist at least daily until it plumps up again. Orchids are slow growers.
Aimee, not sure about that pot, the slatted sides with lots of air space look good, but does the saucer have holes? If not, you really don't want the base of your orchid sitting in any water.
