I've shown (I think correctly) that for $n > m$ we have
$$d(x_{n},x_m) \leq d(x_m,x_{m-1})\sum_{k=1}^{n-m} \alpha^k \leq \alpha^{n-1}d(x_{1},x_{0})\sum_{k=1}^{m-m} \alpha^k = \alpha^{m-1}d(x_{1},x_{0})\sum_{k=1}^{n-m} \alpha^k = d(x_{1},x_{0})\sum_{k=1}^{n-m} \alpha^{k+ m -1} $$
$$\leq d(x_{1},x_{0})\sum_{k=1}^{n-m} \alpha^{m} = \alpha^m d(x_{1},x_{0}) (n-m-1)$$