Let $M$ is a squared matrix. Find $M^n,n\in\mathbb{N}$

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Let $M=XAX^{-1}$ where $ X= \begin{bmatrix} 1 & 2 \\ 2 & 3 \\ \end{bmatrix}$, $A= \begin{bmatrix} 1 & 0 \\ 2 & 1 \\ \end{bmatrix}$

Find $M^{n},n\in\mathbb{N}$

Attempt:

Inductive method:

$M^{1}= \begin{bmatrix} -11 & 8\\ -18 & 13 \\ \end{bmatrix}$

$M^{2}= \begin{bmatrix} -23 & -64\\ 144 & -135 \\ \end{bmatrix}$

$M^{3}= \begin{bmatrix} 1405 & -376\\ 846 & 747 \\ \end{bmatrix}$

In order to find $M^{n}$, this method requires finding the closed form of sequences for all entries of a matrix $M$ (first sequence would be $-11,-23,1405,...$).

What is the simpler method to find $M^{n}$?

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Hint: Notice that $$ M^2=(XAX^{-1})(XAX^{-1})=XAX^{-1}XAX^{-1}=XA^2X^{-1}. $$ You can similarly show that $M^n=XA^nX^{-1}$.

So, you only need to take powers of $A$. And, perhaps, that will be a bit easier to spot patterns for.