The real map $f: t \to \frac{t}{1+t}$ is continuous, strictly increasing on $[0,+\infty)$, $f([0,+\infty))=[0,1)$, $f(1)=\frac{1}{2}$ and $$f^\prime(t)=\frac{1}{(1+t)^2}.$$
Hence for $u \in [0,\frac{1}{2}]$, you have using the mean value theorem: $$u \ge f(u)= f^\prime(\xi) u \ge f^\prime (\frac{1}{2}) u =\frac{4}{9} u$$ where $0 \le \xi \le u \le \frac{1}{2}$. Consequently for $x,y \in X$ with $p(x,y) \le \frac{1}{2}$, you have $$\frac{4}{9} d(x,y) \le p(x,y) \le d(x,y).$$
Based on those inequalities, you can prove that a Cauchy sequence for $(X,p)$ is a Cauchy sequence for $(X,d)$ hence converges in $(X,d)$ according to the result you mentionned. And also converges (to the same limit) for $(X,p)$ again according to above inequalities again.