First suppose
\((x_n)\) is increasing and bounded. Then its set of terms
\(S:=\{x_n \colon n \in \N\}\) is nonempty and bounded above, so
\(s:=\sup S\) exists.
Let \(\varepsilon \gt 0\text{.}\) Since \(s-\varepsilon\) is not an upper bound of \(S\text{,}\) there exists \(N\) such that \(s-\varepsilon \lt x_N \le s\text{.}\) As \((x_n)\) is increasing, for every \(n \ge N\) we have
\begin{equation*}
s-\varepsilon \lt x_N \le x_n \le s \lt s+\varepsilon.
\end{equation*}
Hence \(|x_n-s| \lt \varepsilon\) for all \(n \ge N\text{,}\) so \(x_n \to s\text{.}\)
If
\((x_n)\) is decreasing and bounded, then
\((-x_n)\) is increasing and bounded. By the increasing case,
\((-x_n)\) converges, and then
PropositionΒ 2.1.6 implies that
\((x_n)\) converges as well.