Sounds like a horrible morning!
I agree that soaking it for a few hours can help get the plant rehydrated.
There are a number of options for saving it. You can do daily soaks with a clear bag placed over the plant to trap humidity. You can put it in a bag with sphagnum moss that's kept moist. Or, provided you have at least one viable root, you can pot it up. The addition of a seedling heat mat or a kelp based rooting stimulant can speed recovery.
I've lost count of how many Phals I have. But, when I end up with a rescue, if it has at least one viable root, I just pot it. I use a mix that's 5 parts fine grade bark, 1 part charcoal, and 1 part perlite in 3 inch diameter clear slotted pot (once it grows roots you can up size). When I pot I try to position at least one root against the side of the container so I can see color. When the root goes silver, I water when it's green I don't.
I don't give mine any extra heat or rooting stimulants so recovery is pretty slow. They usually stay kind of droopy for the first 3 months or so, but once the first new roots start pushing into the substrate they perk back up. Under this regime most are back to full health in 6 to 12 months.
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