Step 1: Analyze the recurrence relation.
The recurrence relation \( x_{n+1} = \frac{1}{5} \left( x_n^2 + 6 \right) \) indicates that the sequence \( x_n \) is increasing if \( x_n \) is large enough, but it's not guaranteed to be strictly increasing for all \( n \).
Step 2: Show that the sequence is bounded.
To show that \( x_n \) is bounded, note that if \( x_n \) is large, the sequence will converge towards a fixed point \( L \), where \( L = \frac{1}{5} \left( L^2 + 6 \right) \). Solving this, we find that the sequence is bounded above and below.
Final Answer: \[ \boxed{(x_n) \text{ is a decreasing sequence, and } (x_n) \text{ is a bounded sequence.}} \]