Nice composition with rich colors but I don't like the way you've cut off the basket at the bottom border. The black of the bottom of the balloon could be a bit more black to add some more impact, I feel. The color of the sky is a bit weak. Overall, though, I like it.
This image contains purple but the theme of "purple" is not suggested to me when I see it. Nice crop on the top but I wouldn't cut off so much at the bottom. I'd have liked to see at least the bottom of the basket and some sky beneath it for reference.