Is $$ \sqrt{\sqrt{\sqrt{\sqrt{.....\sqrt x}}}} =1$$ where $x$ is a real number and $x > 0$?
Since $x$ after every under root , decreases exponentially I think it has to be $1$. But then $1^{2^{2^{2....^{2}}}} =1$ so I am confused.
I think the problem lies in the definition of the problem in the way, the expression is defined since the question can be reworded to $ \lim_{a \rightarrow \infty} x^{0.5^{a}} =1$.
It's not a standard notation. But your interpretation of it, in your final paragraph, is surely the only sensible one. And, given that interpretation, it is just as surely correct.
The $n$th iteration of the square root function is indeed $x\mapsto x^{2^{-n}}$, with inverse $y\mapsto y^{2^n}$. The limit $\lim_{n\to\infty}x^{2^{-n}}=1$, being a constant function, is not invertible. Similarly, the limit $$\lim_{n\to\infty}y^{2^{n}}=\begin{cases}\infty&y>1\\1&y=1\\0&y<1\end{cases}$$ is non-invertible too.
This should not confuse you. There is no reason to expect the limit of invertible functions to be invertible, and this is a prime example. (A simpler example is $x\mapsto ax$, with the limit taken as $a\to0$.)