Definitely possible. Your whole immigration history is considered when it comes to citizenship. In fact, we have often heard of people who lost green cards during citizenship interviews.
Just a little more clarification on the issue. Any trip longer than 1 year will absolutely disrupt the continuous residence and immediately disqualify you (unless N-470 is filed). When you get to 4 years+1 day mark, your last long trip is 364 days long if only last 5 years are considered. Thus, techinically, you are no longer considered to have a trip longer than a year in last 5 years. That's where the 4 years +1 day rule comes from.
However, any significant absence (especially greater than 6 month) is still considered the break in continuous residence, and the burden is on applicants to prove that they did not break the continuous residence. For this purpose, the interviewing officers will consider all trips in last 5 years. All of it means, technically you are eligible, but realistically it's better to wait 5 years to avoid the issue altogether.