Yes, it is possible to create a branch from any revision. 

First, let's check out the help command:

svn help copy
-r [--revision] arg   : ARG (some commands also take ARG1:ARG2 range)
                        A revision argument can be one of:
                          NUMBER       revision number
                          '{' DATE '}' revision at start of the date
                          'HEAD'       latest in repository
                          'BASE'       base rev of item's working copy
                          'COMMITTED'  last commit at or before BASE
                          'PREV'       revision just before COMMITTED

To use this command in practice:

svn copy -r123

In this case, "123" is the revision number you want to create a branch from. 

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