At $x\
e0$, you can take $h$ so small that $x$ and $x+h$ have the same sign. Then the function can be processed as two polynomial pieces which derive seamlessly:
$$|x^3|=\pm x^3$$ gives the derivatives $$\pm3x^2=3x|x|$$ and $$\pm6x=6|x|$$ (as the $\pm$ signs match that of $x$).
At $x=0$, the first derivative is
$$\lim_{h\to0}\frac{|h^3|}{h}=\lim_{h\to0}\pm h^2=0$$
(the sign doesn't matter as convergence is to zero). Note that the first derivative is continous as $3x|x|$ evaluates to $0$.
The second derivative is given by
$$\lim_{h\to0}\frac{3h|h|}{h}=\lim_{h\to0}3|h|=0.$$
* * *
Note that for the third derivative we get
$$\pm6$$ where the sign is that of $x$, and for $x=0$,
$$\lim_{h\to0}\frac{6|h|}{h}$$ is not defined.