The word myrrh comes from the Aramaic word murr which means “bitter.”
Hundreds of years before Christ, myrrh was used and valued for its powerful fragrance. It was also used to heal wounds, but the most famous of its uses was that it was the principal ingredient in ointments used in embalming mummies in Egypt. At the time of the Savior it was used in Palestine to anoint dead bodies in preparation for burial. Because of all these uses, myrrh was often as valuable ounce per ounce as gold. As a matter of fact, sometimes the price of myrrh rose higher than that of gold.
The most interesting thing to me, however, is that the myrrh bush has long, spiky thorns. Thus the myrrh branch foreshadows the crown of thorns placed upon the Savior at the time of His death. The gift at his birth was a symbol of His royalty—The King of Kings. But at the same time it reminds us that at His death the soldiers would reject their King. Instead of crowning Him with gold and jewels they would crown Him with thorns.
Thus myrrh is a symbolic reminder that this Royal Baby would suffer and die for us.