Let $\mathcal{A}$ be a $C^{\ast}$-algebra and suppose that $\lbrace x_1,...x_n\rbrace$ are positive elements of $\mathcal{A}$ such that $\|\sum_{i=1}^{n}x_i\|\leq\lambda$, for some $\lambda\in\mathbb{R}$.
Is it true that I can conclude that each $\|x_i\|\leq\lambda$ ?
Since $x_1,\ldots,x_n$ are positive, you have $$ 0\leq x_k\leq \sum_j x_j. $$ It follows that $\|x_k\|\leq\|\sum_jx_j\|\leq\lambda$.
They key step here is that if $0\leq a\leq b$, then $\|a\|\leq\|b\|$. This can be seen in several ways. For instance, if $S(A)$ denotes the state space, $$ \|a\|=\sup\{f(a):\ f\in S(A)\}\leq\sup\{f(b):\ f\in S(A)\}=\|b\|, $$ since $f(a)\leq f(b)$ by the positivity of the state.