In the below example I have created a Bounce Text animation function. Here I have added Button and TextView in activity_main.xml layout then I have created new directory (anim). In anim directory I have created bounce.xml layout and in MainActivity I have used AnimationUtils.loadAnimation function setOnClickListener method. You can see below program it will clearly describe you to Bounce Text animation in android.

Step(1)activity_main.xml-
<?xml version="1.0" encoding="utf-8"?>
<LinearLayout xmlns:android="http://schemas.android.com/apk/res/android"
    android:layout_width="fill_parent"
    android:layout_height="fill_parent"
    android:orientation="vertical" >


    <LinearLayout
        android:layout_width="fill_parent"
        android:layout_height="fill_parent"
        android:orientation="horizontal">
        <LinearLayout
            android:layout_width="wrap_content"
            android:layout_height="fill_parent"
            android:orientation="vertical"
            android:gravity="bottom"
            android:layout_margin="30dp">
            <TextView
                android:layout_width="wrap_content"
                android:layout_height="wrap_content"
                android:text="Rajshekhar"
                android:id="@+id/text"
                android:textColor="@color/colorAccent"
                android:textStyle="italic"
                android:textSize="25dp"/>
        </LinearLayout>
        <LinearLayout
            android:layout_width="fill_parent"
            android:layout_height="fill_parent"
            android:orientation="vertical">
            <Button
                android:id="@+id/bounce"
                android:layout_marginTop="40dp"
                android:layout_width="200dp"
                android:layout_height="wrap_content"
                android:background="@color/colorAccent"
                android:text="Click me"/>
            </LinearLayout>
        </LinearLayout>
    </LinearLayout>


Step(2)-MainActivity-
public class MainActivity extends AppCompatActivity {

    @Override
    protected void onCreate(Bundle savedInstanceState) {
        super.onCreate(savedInstanceState);
        setContentView(R.layout.activity_main);

        final Animation animBounce = AnimationUtils.loadAnimation(this, R.anim.bounce);
        final TextView text = (TextView) findViewById(R.id.text);
        Button btnBounce = (Button) findViewById(R.id.bounce);
        btnBounce.setOnClickListener(new Button.OnClickListener() {

            @Override
            public void onClick(View arg0) {
                text.startAnimation(animBounce);

            }
        });
    }

}

Step(3)-In anim directory I have created bounce.xml layout-
<?xml version="1.0" encoding="utf-8"?>
<set xmlns:android="http://schemas.android.com/apk/res/android"
    android:interpolator="@android:anim/bounce_interpolator">
    <translate
        android:fromYDelta="-100%p"
        android:toYDelta="0"
        android:duration="2000"/>
</set>