The invention discloses exterior wall crack resistant elastic putty powder comprising the following raw materials: by weight, 20-30 parts of ash calcium powder, 10-15 parts of white cement powder, 10-20 parts of calcium carbonate powder, 10-15 parts of quartz powder, 40-50 parts of modified talcum powder, 1-1.5 parts of carboxymethyl cellulose, 2-3 parts of carboxymethyl starch ether, 3-4 parts of redispersible latex powder, 2-3 parts of polypropylene staple fiber, 1-2 parts of aluminum silicate fiber and 0.5-1 part of NSJF-2 latex powder. The powder putty has crack resistance, frost resistance, heat resistance, alkali resistance, water resistance and other functions, can greatly improve the bonding strength of a wall body paint substrate, improves the service life of a wall body paint, overcomes the defects of easy falling, peeling and cracking of traditional putty powder, is completely environmentally friendly, may not pollute the environment, is harmless to human body, easy to use, simple to construct, durable and reliable, and has obvious social benefits and environmental benefits.