Asphalt pavement cracking represents a prevalent form of deterioration that significantly compromises road performance and safety under the combined effects of environmental factors and traffic loading. Crack sealing has emerged as a widely adopted and cost-effective preventive maintenance strategy that restores the pavement’s structural integrity and extends service life. This paper presents a systematic review of the development of crack sealing technology, conducts a comparative analysis of conventional sealing materials (including emulsified asphalt, hot-applied asphalt, polymer-modified asphalt, and rubber-modified asphalt), and examines the existing performance evaluation methodologies. Critical failure mechanisms are thoroughly investigated, including interfacial bond failure resulting from construction defects, material aging and degradation, hydrodynamic scouring effects, and thermal cycling impacts. Additionally, this review examines advanced sensing methodologies for detecting premature sealant failure, encompassing both non-destructive testing techniques and active sensing technologies utilizing intelligent crack sealing materials with embedded monitoring capabilities. Based on current research gaps, this paper identifies future research directions to guide the development of intelligent and sustainable asphalt pavement crack repair technologies. The proposed research framework provides valuable insights for researchers and practitioners seeking to improve the long-term effectiveness of pavement maintenance strategies.