Again, it can't hurt to let it dry out, MRD. But roses are picky things, and it may hate its container, gotten a fungus infection, or any of a variety of other diseases. I used to grow roses, but they need so much care if they are not in an absolutely ideal situation, that I switched for peonis which bloom less but don't need babying. Any serious rose-growers here?
Sice the leaves are gone, do cut off the last 6 inches or so of a stem and examine it. If it's dried out that far down, you may be trying to raise the dead, unfortunately.