Just wanted to make sure my proof holds up, not sure if it does.
Given $\epsilon > 0, \exists N \ s.t. \forall n \geq N:$
$|x_n - \frac{1}{5}| < \epsilon < \epsilon + \frac{4}{5} $ then we know
$ x_n < \epsilon + 1$ and that $x_n$ is bounded above by $\epsilon + 1$. Then it follows that, $\exists N \ s.t. \ \forall n \geq N$
$|\frac{1}{x_n} - 5| = |\frac{5x_n - 1}{x_n}| = \frac{5|x_n \ - \frac{1}{5}|}{|x_n|} < \frac{5|x_n \ - \frac{1}{5}|}{|\epsilon + 1|} < 5\frac{\epsilon}{\epsilon + 1} < 5\epsilon$.
I revised the proof for general $\epsilon$
My revised version also proved flawed since I made a naive assumption that if $|x_n| < \epsilon + 1$ then $\frac{1}{x_n} < \frac{1}{\epsilon + 1}$ when in fact the complete opposite is true.
However, there was a simple fix to my original proof given below.