We have, $$x = \frac{-2\pm\sqrt{4-4p}}{2p} = \frac{-1\pm \sqrt{1-p}}{p}.$$ Since $p\in\mathbb{R}$ then $\sqrt{-1}\nmid p$ and therefore $p\not>1\Leftrightarrow p\leqslant 1$ since if on the other hand, $p > 0$, then $1 - p < 0$ and therefore $\sqrt{-1}\mid \sqrt{1 - p}$. In addition to that, $-1 = \sqrt{-1}^2$ thus the entire numerator is a multiple of $\sqrt{-1}$. This means that $\sqrt{-1}\mid px$, proving the claim that $p\leqslant 1$. Of course though, we also cannot divide by $0$, therefore $p< 0$.
This is why that for any $x\in\mathbb{R}$, if $ax^2 + bx + c = 0$ then the expression under the root in the quadratic formula, $$x = \frac{-b\pm\sqrt{b^2 - 4ac}}{2a},$$ namely $(b^2 - 4ac)$, must be non-negative since $-b = b\sqrt{-1}^2$, therefore $b^2 - 4ac\geqslant 0\Leftrightarrow 4ac \geqslant b^2$.
In clearing up a potential misunderstanding:
I say that $p < 0$, but if $p=0$ then $\exists x \in \left\{\mathbb{R} : px^2 + 2x + 1 = 0\right\}\Leftrightarrow x = -\dfrac 12$. Although this is true, this implies that, $$px^2 + 2x + 1 = 0\Leftrightarrow 2x + 1 = 0,$$ which is why $x = -\dfrac 12$ however if $p = 0$ then the above equation is not a quadratic trinomial to begin with.