This paper delves into the extension and characterization of radial positive definite functions into non-integer dimensions. We provide a thorough investigation by employing the Riemann–Liouville fractional integral and fractional Caputo derivatives, enabling a comprehensive understanding of these functions. Additionally, we introduce a secondary characterization based on the Bernstein characterization of completely monotone functions. The practical significance of our study is showcased through an examination of the positivity of the fundamental solution of the space-fractional Bessel diffusion equation, highlighting the real-world applicability of the developed concepts. Through this work, we contribute to the broader understanding of radial positive definite functions and their utility in diverse mathematical and applied contexts.