At the moment the amount of magma accumulated inside the mountain is equal to the volume that accumulated inside Eyjafjallajökull volcano before it erupted in 2010. At the moment Öræfajökull volcano continues to collect magma and each time a magma injection happens into Öræfajökull volcano an earthquake swarm happens.
At the moment there are no signs that an eruption is imminent. That might change without warning but I do expect to see earthquakes in the thousands before an eruption happens in Öræfajökull volcano. Until then its just normal monitoring of Öræfajökull volcano earthquake patterns and inflation.