See Reference for a complete solution of the problem of differentiation and integration of real order of rational polynomials.
Formal approaches to fractional derivative: There are several definitions for Fractional derivative. The most widely known one is the Riemann-Liouville fractional derivative
$$ f^{(q)}(x) = \frac{1}{\Gamma(k-q)} \frac{d^k}{dx^k} \int_{a}^{x}\,
(x-t)^{k-q-1}\,f(t)\,dt\>, \quad (k-1 < q < k )\,, $$
and according to this definition you will have the following answer
$$ f^{\left(\frac{1}{2}\right)}(x)={\frac {{_2F_1\left(1,1;\,\frac{1}{2};\,x\right)}}{\sqrt {x}\sqrt {\pi }}}, $$
where $ _2F_1 $ is the hypergeometric function. The limit of the above function as $x\to 0^+$ goes to infinity. However, there is another definition known as the Caputo definition and is defined as
$$ f^{(q)}(x) = \frac{1}{\Gamma(k-q)} \int_{a}^{x}\,
(x-t)^{k-q-1}\,\frac{d^k}{dt^k}f(t)\,dt\>, \quad (k-1 < q < k )\,, $$
and this definition will give you a different answer, namely
$$ f^{\left(\frac{1}{2}\right)}(x) = {\frac {1}{\sqrt {\pi } \left( x-1
\right) ^{3/2}}} \left( {\it \rm arctanh} \left( {\frac {\sqrt {x}}{
\sqrt {x-1}}} \right) -\sqrt {x}\sqrt {x-1}\right), $$
and the limit in this case goes to $0$.
Note: The simplest approach to your problem is summarized in the steps
1) Compute the Taylor series of the function,
2) Use the Formula
$$ \frac{d^q}{dx^q} x^m = \frac{\Gamma(m+1)}{\Gamma(m-q+1 )} x^{m-q}\,, $$
which corresponds to the Riemann-Liouville definition of the function $x^m$, or the formula (2.29), page 15 which corresponds to Caputo definition.
See here to see the power series technique.